Investors have taken out 10 billion dollars out of tether in these past few weeks according to
The GuardianYou can visuals it better by looking at their marketcap graph:
https://imgur.com/Q5s0Sgkas you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
Or probably due to the fear of stable coin crash especially after what happened to UST in the last week or two, isn't?
I assume that whales along with average joes are moving towards the decentralized coins like bitcoin which keep the resistance on line and didn't let the panic selling to consume investors.