As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way
When the market crashes, investors usually watch Bitcoin with frantic eyes – but everything is different this time. A Terra-fying saga is in progress, which saw Terra LUNA lose more than 95% of its value in a day to trade at $0.1194 at press time.
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Timeline of Tether, Terrausd
Largest stablecoin Tether (USDT) briefly depegs as market plummets - Cryptopolitan
The world's largest stablecoin lost its peg briefly on Thursday amid extremely volatile conditions in the cryptocurrency market. USDT momentarily depegged to $0.95 but has recovered to $0.9921 during the time of writing.
You can redeem Tether USDT 1:1 on tether.to but there's a catch - CryptoSlate
The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility. The post You can redeem Tether USDT 1:1 on tether.to but there's a catch appeared first on CryptoSlate.
Here Is The Possible Reason For USDT's Depegging! - CoinPedia
While the crypto market is struck between Terra, and the UST crash, Tether, the third-largest cryptocurrency and one of the most liable stablecoin globally, has raised fear among the investors due to its price drop by 5%. The global cryptocurrency market is under extreme consolidation for a week now, with total market capitalization dropping to …
Anchor contributors consider cutting UST yield to 4% from 19.5% - The Block
A proposal on Anchor's governance system advocates drastically reducing the UST yield. The post Anchor contributors consider cutting UST yield to 4% from 19.5% appeared first on The Block.
Tether Makes $1 Bln Swap To Support The USDT Peg, Here's How - Coingape
Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap.
Market Panic Puts Tether Peg Under Pressure - Cryptonews
A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)'s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don't seem to want “free money.”
Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges - CryptoSlate
The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. The post Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges appeared first on CryptoSlate.
Cryptocurrency Hedge Fund Scooped UST Stablecoin Amid Price Collapse - Crypto news
Arca, a leading cryptocurrency hedge fund is likely one of the many victims of the dramatic fallout of the Terra (LUNA) ecosystem and its dollar-pegged stablecoin UST, Coindesk reports. Hedge Funds Hit With the LUNA, UST Collapse Just a few…
Tether has reduced its exposure to commercial paper, CTO says - Reuters
The stablecoin Tether has the majority of its reserves in U.S. Treasuries, having dropped its exposure to commercial paper over the last six months, its chief technology officer Paolo Ardoino said in a Twitter Spaces chat on Thursday.
After UST, USDT Losing its Peg, Why This Should be a Huge Matter of Concern for Crypto Space - CoinPedia
Just as the crypto space is experiencing the most dreadful days in its history, the said backbone ‘Tether' also tumbles up. No doubt the USDT peg-de-peg is just a normal routine during the bull run and market corrections. But this time it may be a matter of concern as the crypto space is filled up …
