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Tether slowly reaching parity with other stable coins as FUD subsides

Tether appears to slowly be making its way back to the $1 mark across most exchanges following last weeks news regarding Bitfinex and Tether.

The news last week that saw many people selling Tether due to the potential issue of the coin not being backed 1:1 with the US Dollar, saw Tether trading up to 4% less than other stable coins as traders and investors flocked to safer stable coin pastures.

USDT on Binance was trading at a premium on most USDT pairs while other stable coins all traded at the same prices compared to one another. TUSD was trading at 4% more than USDT at the end of last week as investors made use of the multiple stable coins offered by Binance to ensure funds remained SAFU.