SkyPanda on Nostr: Following rumors that the U.S. government is investigating Tether, the prices of ...

Following rumors that the U.S. government is investigating Tether, the prices of #USDT and #USDC, which had previously been below $1, have now exceeded $1.

USDT, a leading stablecoin (a cryptocurrency pegged to a traditional currency like the U.S. dollar for stability), had been trading at a higher value than USDC, the second-largest stablecoin by market cap, issued by Circle. However, due to last night’s turmoil, their prices have now flipped.

#BTC #Bitcoin