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Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin's backing

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cnbc.com

Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world's largest stablecoin.

Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko.

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