Here Is The Possible Reason For USDT's Depegging!
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 …
Timeline of Tether
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.
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 …
Tether's market price slips below dollar parity amid ongoing stablecoin woes - The Block
The stablecoin's open market price dropped below $0.96 on Thursday, three days after TetherUSD definitively broke from its dollar peg. The post Tether's market price slips below dollar parity amid ongoing stablecoin woes appeared first on The Block.
Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview) - CryptoPotato
In this interview, Tether's CTO shares his thoughts on algorithmic stablecoins like Terra's UST, growing competition, IPO plans, and how the company handled the entire Bitfinex hack ordeal.
FXPIG – First Broker to Offer APEUSDT and 60+ Crypto CFDs vs USDT - FinanceMagnates
Leading multi-asset brokerage, FXPIG has announced the launch of over 60 cryptocurrency pairs as CFDs. The global broker is the first to offer APEUSDT as a cryptocurrency CFD and has one of the largest offerings of crypto CFDs based on USDT.
We are ready for a bank run says Tether CTO Paolo Ardoino - CryptoSlate
Tether is ready for whatever the economic climate throws at it, Chief Technical Officer Paolo Ardoino told CryptoSlate at the Paris Blockchain Week Summit. The post We are ready for a bank run says Tether CTO Paolo Ardoino appeared first on CryptoSlate.
