Tether Drops 9% in $7B Investor Selloff 

The world's biggest stablecoin, Tether, dropped an estimated 9% in value since May 12 and lost more than $7 billion as investors pulled out amid a wider cryptocurrency selloff that started last week, according to multiple media reports on Tuesday (May 17) and CryptoCompare data. Stablecoins are pegged to the U.S. dollar and were largely

Timeline of Tether

On Wednesday, the implosion of the TerraUSD stablecoin sparked wide-spread panic in the crypto space. Thankfully 24 hours later, things have calmed down substantially. Terraform Labs halted, restarted and then halted again following the collapse of TerraUSD and its sister-token Luna. Developers who work on the blockchain tweeted that the second halt was intended to...

Tether cuts commercial paper holdings that back the stablecoin by 50% as the CTO Paolo Ardoino revealed the news so let's read more today in our latest Tether news. During a recent Twitter space, discussing stablecoins and the recent crypto volatility, Tether's CTO Paolo Ardoino said the stablecoin provider cut the amount of the commercial

With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U.S. dollar have been the obvious winners from the recent crash but it seems that investors are taking it one step further this time around.

During a Twitter Spaces conversation on May 12, Bitfinex CTO Paolo Ardoino dismissed reports that Tether was in trouble. The post Bitfinex CTO plays down reports that Tether was in trouble appeared first on CryptoSlate.

Whales have been actively dumping their USDT holdings on the market after the danger of a de-pegging, according to the most current statistics from Santiment. The price of USDT briefly fell to $0.97 yesterday, but quickly returned to $1. ? In case there was any doubt on the seriousness of #Tether losing its $1 peg, …

Tether lost its dollar peg amid the ongoing stablecoin crisis and the de-pegging of the UST stablecoin so let's read more today in our latest Tether news today. The first and biggest dollar-pegged stablecoin lost its peg amid the stablecoin crisis.

Today, on the 12th of May Tether stated that the firm is planning to coordinate with a third party in order to perform a chain swap so that it can raise more than $ 1 billion USDT while maintaining total supply. For every swap, Tether plans to use Tron TRC20r. The move came when the …

The meltdown in TerraUSD, one of the world's largest stablecoins, rippled through cryptocurrency markets on Thursday, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

Following on from the attack on the UST stablecoin algorithmic dollar peg, and its more or less total destruction, could forces be brought to bear on the Tether USDT dollar peg? Back in the early 2000s, one of the most infamous collapses occurred on Wall Street.

The year 2022 isnt been very favorable for the cryptocurrency market, especially the month of April and May. Now in just a few days, the cryptocurrency market has suffered more losses following Terra blockchain's stablecoin TerraUSD (UST) depegging event which has caused conflict between Bitcoin and stablecoins. As USDT/USD lost its peg against the dollar …