Tether CTO: Tether Is Processing Redemptions Normally

Tether CTO Paolo Ardoino tweeted that Tether is processing redemptions normally, with more than $300 million redeemed in the past 24 hours from $1 USDT redemptions. According to TokenInsight data, the current price of $USDT is $0.9752, down 2.47% in 24 hours.