Stablecoin USDT lost from peg to the US dollar
Against the backdrop of market turbulence, the USDT stablecoin price tested the $0.94 level. Paolo Ardoino, CTO of the issuer of USDT, said that the company’s reserves are enough to buy back all assets at a ratio of 1:1 to the US dollar.
USDT is the largest stablecoin with a capitalization of over $81 billion, according to CoinGecko. Ardoino recalled that USDT exchanges assets for US dollars in a 1:1 ratio through the tether.to portal. The minimum repayment amount is $100,000.