Crypto: Why investors are rushing to DeFi assets

China, the world’s second-largest economy seems to trust the world’s fastest-growing financial asset ecosystem (Tether) a lot more these days, preferring to use it to meet most money transfer needs.
Tether, which is the fourth most valuable crypto by market cap, accounted for more than $18 billion of the outflows from East Asia in the period, according to new research by blockchain forensics firm Chainalysis. Tether, a stable coin (this is because its value is pegged to the U.S. dollar), accoun…

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