USDT is Resilient and Has Undergone a Successful Stress Test With the Collapse of Terra, Says the Team at Tether

Quick take: The Tether team believes that USDT has proven to be resilient amidst the events surrounding UST’s collapse. USDT’s stability in the last month is evidence that it has successfully undergone a stress test. The resilience of USDT is further amplified by the fact that Tether is fully backed. Tether also recently faced $10 billion in redemption requests which it completed without a single hiccup. The team at Tether has released a new report highlighting that its stablecoin of […]