Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
Nearly $1 billion has flown into the Tether reserves as the stablecoin emerges as a regulatory arbitrage versus its U.S.-based counterparts.
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### Instruction: Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals

### Response: Nearly $1 billion has flown into the Tether reserves as the stablecoin emerges as a regulatory arbitrage versus its U.S.-based counterparts.