Tether's Stability Doubts Boost Cryptoverse.

Tether, the digital stablecoin, is gaining popularity as a safe investment option in the crypto world amid a regional US banking crisis and regulatory crackdown on crypto firms. Tether's value is anchored by a 1-to-1 peg against a cache of dollars and a supply cap at around 85 billion tokens. Its main rival, USDC, has been hurt by exposure to collapsed Silicon Valley Bank and the SEC's scrutiny of fintech and crypto firms. Tether's premium reflects emerging trust in both the peg and its perceived safety from the SEC.