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USDT Depeg Was a Planned Attack on Tether, Says CTO Paolo Ardoino

June 16 (Cointime) - Tether's USDT briefly deviated from its US dollar peg, coinciding with the New York Attorney General's release of information to CoinDesk. Tether's CTO, Paolo Ardoino, called it a planned attack on the stablecoin, but assured that the company was well-prepared and emerged stronger.

The depegging was caused by an imbalance in Curve's 3pool, primarily caused by a whale address called CZSamSun. Despite the challenges, Tether remains committed to transparency and protecting customer data, with a focus on maintaining the accuracy of their financial figures.

Tether USDt Tether USDt $1.00
-0.09%
Tether USDT stablecoin
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