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Coin Edition 2023-09-02 07:28:39

Recent Research Portrays Tether USDT’s Intriguing Depeg in August

Kaiko researcher Riyad Carey revealed an intricate USDT depegging pattern in August. USDT experienced a severe 98% depeg on August 7, when the stablecoin traded at a 2% discount. Low liquidity and high redemption fees are the major factors that led to the USDT depegging. A recent analysis presented by a Kaiko researcher Riyad Carey, The post Recent Research Portrays Tether USDT’s Intriguing Depeg in August appeared first on Coin Edition .

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