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Tether held its fort, however, even trading at a premium in the following days. This came despite a long-held notion among some market participants about the token’s opaque asset backing and concerns about parent company Tether Global.

Data further shows at least $5 billion of inflows into Tether in the past weeks, bringing its market capitalization to over $77 billion as of Wednesday.

Part of that could likely be due to its supposedly low exposure to the U.S. banking system, some say.

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Data further shows at least $5 billion of inflows into Tether in the past weeks, bringing its market capitalization to over $77 billion as of Wednesday.

Part of that could likely be due to its supposedly low exposure to the U.S. banking system, some say.

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