Here’s how the Stablecoin meltcoin wiped off $7 billion within a week

Tether has been seeing massive liquidation since it momentarily lost its dollar peg last week. The crypto meltdown triggered by the de-pegging of Terra’s UST, another stablecoin, appears to have had a substantial impact on market mood. Tether worth up to $7 billion was liquidated in one week, according to CoinGecko data. The world’s largest …