At press time, USDT’s depeg had recovered back to $0.9975. USDT’s market cap was above $83 billion on Thursday, by far the largest stablecoin market cap in crypto per CMC data.
Tether’s CTO – Let Them Come
Following the news, Tether CTO Paolo Ardoino tweeted that the digital payment giant is ready to redeem any amount amid concerns about the stablecoin’s market health.
Markets are edgy in these days, so it’s easy for attackers to capitalize on this general sentiment. But at Tether we’re ready as always. Let them come. We’re ready to redeem any amount.
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