Tether announces $1.2 billion 'chain swap' from TRC20 with third-party USDT Ethereum ERC20 Avalanche AVAX Swap Cryptocurency blockchain
stated on Twitter earlier today that Tether was continuing to honor"USDt redemptions at 1$" via its website, tether.to.
The drop in Tether's price below $1 reverberated throughout the cryptocurrency market. Bitcoin, the first and most valuable cryptocurrency by market capitalization, dropped more than 7% to $25,401, its lowest level since December 2020.
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