Against the backdrop of Bitcoin falling to $25,000, the price of the stablecoin USDT tested the level of $0.94.
At the time of writing, USDT is trading around $0.96.
Technical Director of the Tether issuer Paolo Ardoino said that the company’s reserves are enough to buy all assets in a 1:1 ratio to the dollar USA.
Ardoino recalled that Tether exchanges assets for American dollars in a 1:1 ratio through the tether.to portal. The minimum redemption amount is $100,000.
At the same time, USD Coin (USDC) and Binance USD (BUSD) look relatively stable. At the time of writing, they are trading almost 4% above their rival. However, at the moment the spread in the USDC/USDT and BUSD/USDT pairs reached 13% and 10%, respectively.
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