USDT

Tether froze USDT belonging to FTX as speculation spread over whether its sister organization was shorting the stablecoin.

[handles](https://tether.to/en/transparency/) more than half of all USDT in existence. And so, part of Sun’s supposed plan hinged on the so-called TRON DAO Reserve. The reason being to “safeguard the overall blockchain industry and crypto market.” It shifts up and down — usually very slightly — depending on the liquidity of its markets. [denied](https://twitter.com/SBF_FTX/status/1590709189370081280) that he’s involved in the shorts on Twitter. If traders en masse sell their USDT for another asset, say when there’s been a big dip in the price of bitcoin, tethers can temporarily fall below their intended dollar value.