Stable coins are usually left out of the panic attack that strikes crypto traders
in the event of a market crash. However, Tether #USDT has been caught in the crossfire during
the two big crashes of 2022, #Terra Luna and #FTX, as it lost $22 Billion from panic selling.
According to CoinDesk, Some of the strategies that the company needs to implement and continue to forge to instill confidence back in its holders include:
* Tether needs to get rid of its corporate bonds, funds and “other investments.”
* Tether needs to cancel its 0.1% redemption/withdrawal fee.
* Tether needs to open redemptions up to more people by removing its $100,000 floor.
Curious enough?
Read the full report below:
