USDT

Tether has faced repeated calls for a full audit of its reserves.Justin Tallis | AFP via Getty ImagesInvestors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world's largest stablecoin.Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko.The so-called stablecoin is meant to always be worth $1. But on Thursday, its price slipped…

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar.Tiffany Hagler | Bloomberg via Getty ImagesTether, the world's largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day.The cryptocurrency — which is meant to always be worth $1 — sunk as low as 95 cents on Thursday and struggled to climb back to its intended dollar peg.By Friday, tether was trading firmly at $1 again, soothing investors' fears about a…

Crypto firm Tether has been reducing the amount of commercial paper in its reserves.Jakub Porzycki | Nurphoto | Getty ImagesTether, the world's largest stablecoin, broke below its $1 peg Thursday amid panic in the crypto market.The token sank to as low as 98 cents at around 3:30 a.m. ET, according to data from CoinGecko. It's meant to be pegged one-to-one to the U.S. dollar.Tether's decline came after terraUSD, a different stablecoin, plummeted below 30 cents Wednesday.Vijay Ayyar, head of international at crypto exchange…