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.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
WebMoney added support for Tether
A new title unit has appeared in the WebMoney Transfer system - WMT, backed by the stablecoin Tether (USDT).
Sberbank will launch a stablecoin in the spring of 2021
The largest state bank in Russia, Sberbank, has submitted an application to the Bank of Russia to register its own blockchain platform.
