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Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode

Amid Terra’s collapse last week, Tether also briefly lost its peg. Now, it appears some investors have dropped the stablecoin for the competition.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode
Amid Terra’s collapse last week, Tether also briefly lost its peg. Now, it appears some investors have dropped the stablecoin for the competition.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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