More and more digital investors are skeptical about the crypto crash, prompting them to cash out all their crypto assets. Since the crypto crisis began, investors have reclaimed funds totaling $7.6 bi...
Tag: Tether
Tether Supply Plummeted $7.4B Amid Depegging Concerns, Terra Collapse: Glassnode
Amid the dramatic events surrounding last week’s TerraUSD collapse, Tether (USDT), the crypto industry’s largest stablecoin, has dropped more than $7 billion. Tether’s market capitalization plummeted ...
Investors Remove $7 Billion from Tether Within 48 Hours, Fearing USDT May Lose Its Peg
Yuri Molchan $7 billion has been removed from USDT as investors fear that Tether may go the way of UST Contents $7 billion removed from USDT Tether is fully backed: Paolo Ardoino As reported by CNBC, ...
Tether Liquidation Reflects Investor Sentiment
Ever since Tether temporarily lost the dollar peg last week, rampant liquidation appears to have happened. Apparently, the crypto crash induced by the depegging of another stablecoin, Terra’s UST has ...
How The Tether Peg Could Predict Raging Bitcoin Volatility
The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more investors going after the pegs of other stablecoins such as USDT and trying to see...
Tether explains why it ‘has nothing in common’ with Terra UST
The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry. But in an attempt to distance itself from the fallout, Tether says it is different. In a recent bl...
Tether stablecoin crash to follow Terra’s disaster? This is what we know.
The cryptocurrency market received yet another blow as there are rumors that a Tether stablecoin crash might happen. After TerraUSD UST collapsed, many investors started to question cryptocurrencies i...
Tether (USDT) redemptions fuel fears about stablecoin’s backing
Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dolla...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD – Coinotizia
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, t...
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD – Bitcoin News
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, t...
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage mark...
Tether Increases U.S. Treasuries Exposure Amid USDT Dump
Gamza Khanzadaev Increase in treasuries exposure comes along with concurrent cut of commercial papers According to Tether CTO Paolo Ardoino’s statement made during a Twitter Spaces chat on May 1...
Whales Dump $710 Million Worth of Tether in Fear of De-Peg, USDT Trades at $1
Arman Shirinyan Even large cryptocurrency investors felt psychological pressure on their USDT holdings According to the most recent data from Santiment, whales have been actively selling their USDT ho...
Tether Has Cut Commercial Paper Holdings Backing Stablecoin by 50%: CTO
During a recent Twitter Spaces event discussing stablecoins and the recent crypto volatility, Tether CTO Paolo Ardoino said that the stablecoin provider had cut the amount of commercial paper backing ...
Fearing a de-peg, Whales Dump $710 Million Worth of Tether (USDT)
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 y...
Bitfinex CTO plays down reports that Tether was in trouble
During a Twitter Spaces conversation on May 12, Bitfinex CTO Paolo Ardoino dismissed reports that Tether was in trouble. In the early hours of May 12, USDT had shown signs of de-pegging, as its price ...
Tether stabilizes after burning 3 billion tokens
USDT’s market capitalization was at US$79.41 billion Tether is subject to burn an equal amount of USDT The price of dollar-pegged USDT is now at US$1.01 The world’s biggest stablecoin annihilated an a...
Tether Plans To Transfer More Than 1B USDT From Tron To Ethereum And Avalanche
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Tether Recovers After Stabecoin Regains Peg
The USDT stable coin got itself back up just as Tether’s CTO Paolo Ardoino assured investors that the peg was not broken. The assurance came through a Twitter Space session with Ardoino on Thursday. H...
Regulators anxious about stablecoins like tether after UST collapse
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial...
Tether (USDT) stablecoin regains peg after $3 billion in withdrawals
Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained i...
We’re Only “Halfway There”—Insiders Warn Of 80% Meltdown As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin In Free Fall
This week brought the most brutal crypto rout of 2022. Yesterday, the bitcoin price was down 26% for the week. Ethereum’s price crashed 35%, BNB BNB 41%, dogecoin 42%, cardano 44%, XRP XRP 39%, solana...
Tether (USDT) Close To Recovering Peg Despite Rising Redemptions
The largest stablecoin in the cryptocurrency world scared the already panicked market when its lost its dollar pegged value. It went down to slip as low as $0.9455 cents. However, it has now recovered...
Here’s everything you need to know about TerraUSD, Tether and other stablecoins
Update on 13 May at 09:49 UTC – Paolo Ardoino, CTO of Tether and Bitfinex tweeted that Tether has cut some holdings of commercial paper. In the accompanying news article, Ardoino explained that ...
Tether (USDT) to Enlist Third-Party Help to Transition from TRC20 to Ethereum and Avalanche
Tomiwabold Olajide Tether (USDT) to engage third-party in chain swap from TRC20 to Ethereum and Avalanche Tether (USDT), the biggest stablecoin in terms of market value, has announced it was performin...
Tether USDT wobbles, triggering market anxiety
The cryptocurrency market has been in turbulence this week. Due to declining prices, billions of dollars worth of cryptocurrencies have been liquidated from the market. The collapse of Terra LUNA and ...
Tether (USDT) at $0.96, But You Shouldn’t Worry About De-Peg
Arman Shirinyan Tether is being pushed down heavily as the panic on the crypto market aggravates Contents Is Tether mimicking UST’s faith? Not the first run for Tether Following the turmoil on t...
Is Tether next in line for an attack?
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 2000...
Tether to move over 1B USDT from Tron to Ethereum and Avalanche
Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20 to Ethereum and Avalanche’s block...
USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in
Cryptocurrencies markets continue to suffer major losses following the depegging of Terra ecosystem’s stablecoin TerraUSD (UST), causing discrepancies between stablecoin pegs and the value of Bitcoin ...
Tether to Swap Tron TRC20 for Ethereum and Avalanche
4 hours ago | 2 mins read Editors News 1 billion USDT worth TRC20 swapped for ERC20, 20 million USDT worth TRC20 swapped for AVAX. Tether is stated to process around 300 million worth of redemption ev...
Commentary: Bitfinex Trading Team On Recent Crypto Market Bloodbath; Terra(LUNA), BTC, Tether
The crypto market went through a heavy bloodbath in the last few days. The price of LUNA, a native token of the Terra ecosystem, dropped 99% for the second day in a row, as per the CoinMarketCap. As o...