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Caitlin Lengthy, the founding father of crypto financial institution Avanti Financial institution and a number one blockchain advocate, took to Twitter yesterday to elucidate the market sell-off, linking it to stablecoin issuer Tether.
Lengthy reasoned that Tether, which revealed the belongings that again its dollar-pegged forex for the primary time final week, might have contributed to the brutal market drop, one which liquidated over $2.38 billion over the previous day alone.
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