Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens – Bitcoin News

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Shaky USDT Price Stirs Speculation Tied to Alameda Reserves, Tether Freezes 46 Million Tokens – Bitcoin News
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Data from crypto market aggregation sites indicate that tether (USDT) lost parity with the U.S. dollar on Thursday (ET) morning.

At press time, the number of tethers on Curve’s 3pool dominates by 77.69% and the number of DAI tokens equates to 11.27%. Circle’s usd coin equates to 11.02% and the current balances on Curve’s 3pool represent the most off-balance 3pool has been since the Terra collapse last May.

On Nov. 10, 2022, FTX CEO Sam Bankman-Fried told the public Alameda Research was winding down trading. In anposted to Twitter, SBF said: “First, one way or another, Alameda Research is winding down trading.” “They aren’t doing any of the weird things that I see on Twitter–and nothing large at all. And one way or another, soon they won’t be trading on FTX anymore,” SBF added addressing the rumors.

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