It didn't crash the market, the market barely went down when they announced it today. The market has already been down due to the Chinese Evergrande Real Estate Bubble.
The largest stablecoin Tether is suspected to be involved in Evergrande and Chinese loans backing up its price. Would not recommend using Tether.
China has banned crypto like 6 times in the past two years :/ always crashes the market too…
It didn't crash the market, the market barely went down when they announced it today. The market has already been down due to the Chinese Evergrande Real Estate Bubble.
The largest stablecoin Tether is suspected to be involved in Evergrande and Chinese loans backing up its price. Would not recommend using Tether.