Is this the coin you are taking about?
https://coinmarketcap.com/currencies/usd-coin/

Assuming it is, then maybe Kucoin has their own vested intenrest in feeding the tether fud.   I just have a hunch that wllet mantance is the best they can do without risking some kind of legal challenge.  All of a sudden that stable coin USDC is worth 1.06 while tether is down to 0.96.

I haven't done enough resaerch to be sure, but how many times have we had the tether line spun?  lets be honest it always drops in a bull run.


https://ethereumworldnews.com/reports-of-binance-delisting-tether-usdt-turns-out-to-be-fake-news/