USDT Faces Downward Pressure as Investors Pivot to Stocks in China

[Bitcoin]

USDT Faces Downward Pressure as Investors Pivot to Stocks in China

USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull run following the announcement of […]

Source: USDT Faces Downward Pressure as Investors Pivot to Stocks in China