USDT Rarely Detaches from Peg! China and India Crack Down on Tether Stablecoin, Arrest Actions Intensify Recent events have seen a rare slight fall of the USDT stablecoin issued by Tether, raising market concerns. Meanwhile, authorities in China and India are intensifying efforts to combat cryptocurrency fraud involving USDT, with recent arrest actions highlighting the vulnerability of several financial ecosystems. These events pose challenges not only to the stability of USDT but also exacerbate the turmoil in the cryptocurrency market, prompting deep reflections on stablecoin regulation.