ICYMI: key whale addresses sold $710 million of Tether in yesterday's trading session following the risk of a de-pegging $USDT
the main reasons allowing Tether to maintain the USD peg and have a superior place on the market compared to algorithmic stablecoins like Terra's UST, thanks to a different mechanism for keeping the stablecoin's link with the U.S. dollar.
Tether's reserves are significantly larger than LFG's, and the stablecoin is backed by actual cash along with a small portion of digital assets and commercial papers. Diversification is the main ingredient in keeping USDT more stable compared to stable assets backed by extremely volatileAccording to the coin's price history on CoinMarketCap, Tether had almost no issues keeping the $1 price despite a brief drop below $0.
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