🌊 [Analysis] Trading flows back to bitcoin as stablecoins lose perceived peg – Diar
Concerns surrounding Tether's stability continue as the stablecoin struggles to regain its 1-to-1 US Dollar peg. In response, crypto exchanges added more stablecoin offerings. Nevertheless, the same problem remains: there is no financial report framework with respect to audit conformity with a stablecoin. The best one can do is to have an attestation from a trusted third party audit firm. As this stablecoin incident is happening, the number of BTC trading pairs have increased drastically as trading flows move from USDT to BTC.
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