Quick Take Tether, the issuer of USDT, has recently experienced one of its largest redemptions since the FTX collapse in Nov. 2022, according to Paolo Ardoino, Tether’s CTO. A total of approximately 325 million USDT was redeemed, marking a significant event in the stablecoin’s history. This comes as the circulating supply of USDT is near … Continue reading Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch