Tether are bust, fakesatoshi CSW says, here's why Dr_CSWright $USDT
Tether's USDT outpaces USDC and BUSD
Still, USDT remains the most popular USD-pegged stablecoin in the market — it is still on the top three list of cryptos by CoinMarketCap and its market capitalization currently sits at $79,091,618,240.. Binance and its partner Paxos have stopped minting BUSD. Besides, recently CZ of Binance announced that around 2 billion BUSD will be burned.
USDC faced a risk of depegging from the USD when the banking crisis in the U.S. started and the first three large banks — Silvergate, Silicon Valley Bank and Signature Bank — were announced insolvent. However, the U.S. government promised its clients to help them keep access to their deposits. This crisis in the banking sphere continues. It has nearly killed USDC but also propelled the price of Bitcoin to the $28,000 peak and pushed Ethereum back to $1,800 briefly.
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