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Tether Passes 'Stress Test,' Finds Stable Dollar Peg After Terra's Collapse

Tether (USDT), one of the biggest stablecoins by market cap has found stability for the first time in over two months since the collapse of Terra's algorithmic stablecoin terraUSD (UST). "The Hash" hosts discuss how Tether was able to afford $16 billion redemptions, highlighting the difference between asset-backed stablecoins like tether and algorithmic stablecoins like UST.