Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises
The LUNA/UST affair has caused discrepancies in the BTC-stablecoin trading pairs on different global cryptocurrency exchanges. Cryptocurrencies are still feeling the effects of the TerraUSD disaster, with markets continuing to suffer significant losses.
Timeline of Tether
Update: Tether Says it Will Honor ALL Redemptions at USD $1 for Verified Customers - CrowdFundInsider
Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets.
As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way - AMBCrypto
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.
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 …
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 …
