Investors Pull $7 Billion From Tether Stablecoin As It Falls From $1 Peg

Stablecoin Tether has been under pressure as it falls from its $1 peg, leaving investors skittish about its stability as its rival stablecoin terraUSD faces difficulty. As a result, investors withdrew $7 billion from tether, which is now raising questions about the reserves backing the asset. Jay Hatfield, CIO at Infrastructure Capital Management, joins Closing Bell to discuss.
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