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 ...
Tag: Tether
Tether claims they were ready for this bank run
Tether CTO, Paolo Ardoino, told us last month that Tether was prepared for a bank run. Ardoino and the Tether team have run models to simulate a 2008-style financial crisis and believe that it will co...
Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How
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 ...
Tether dollar peg lost and found
Tether has a market capitalization of about $83 billion, compared to $50 billion for the second-largest, USDC. Tether’s peg has also been at risk these days, fluctuating between $0.95 and $1. Tether ...
Is Tether (USDT) Following Terra’s UST In Losing Its Dollar Peg?
Tether (USDT), the world’s largest stablecoin, appears to be under extreme liquidation pressure amid the ongoing crypto crash. The token is down 4.8% to 0.9508- its lowest level since the 2017 crypto ...
Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra’s UST
Tether (USDT) has become the next stablecoin to suffer from the ongoing stablecoin fiasco that started with TerraUST de-pegging from the US Dollar. USDT traders were treated to a scare after the price...
Tether (USDT) Loses Peg As Mayhem in Stablecoin Continues
Tether (USDT) lost its dollar parity on Thursday as UST’s debacle sent shockwaves across the stablecoin market amid serious sell pressure in the wider industry. According to CoinMarketCap, the slump h...
Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K
“On Bitfinex the Tether peg is >1$ while on Kraken it is slightly lower than 1$. This has resulted in arbitrageurs buying USDT cheap on Kraken and selling it on Bitfinex for profit. While oth...
Tether Loses Dollar Peg Amid Ongoing Stablecoin Crisis
Tether (USDT), the world’s largest stablecoin, briefly dropped 5% on Thursday, falling as low as $0.95. The stablecoin has recovered some but is still trading at $0.98, according to data from CoinMark...
Largest stablecoin Tether (USDT) briefly depegs as market plummets
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 ...
Tether Slips In Value Amid Ongoing Stablecoin Chaos
Biggest stablecoin, Tether (USDT), dropped down below $0.96 early Thursday in a more distant sign of stress in the cryptocurrency market. The token fell down to a 24 hour low of $0.9856 as per the dat...
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, ...
You can redeem Tether USDT 1:1 on tether.to but there’s a catch
The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility. After UST lost its peg earlier this week, USDT is now struggling to retain its dol...
Tether (USDT) stablecoin drops below $1 peg
Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thurs...
Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges
The value of Tether (USDT) stablecoin against the U.S. dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. May 11 saw a 0.8% swing to the downside before...
World’s Biggest Stablecoin Loses $1 Peg As Crypto Market Crashes
Topline The price of Tether, the world’s biggest stablecoin and a cornerstone of the cryptocurrency ecosystem, slipped away from its $1 peg on Thursday, intensifying worries amid a market-wide crash a...
Tron CEO Deposits 100M Tether (USDT) in Binance As Stablecoins Deposits to Exchanges Surge Amid Price Dip
– Advertisement – Many traders are taking advantage of the price dip to increase their cryptocurrency holdings. The cryptocurrency market has suffered tremendous losses since last week af...
What Terra’s Meltdown Means for Centralized Stablecoins Tether and USDC
As the market panics over the implications of Terra’s UST losing its dollar peg, questions have been raised about its asset-backed stablecoin competitors, Tether and USD Coin. Tether (USDT) and USD C...
Tether, $133 billion trading volume
According to CoinGecko‘s data, in the last 24 hours, the crypto markets saw a trading volume of $133 billion for Tether (USDT). Tether sets new trading volume record USDT, the most capitalized stable...
Will the Market Make a Positive Reversal as Tether Mints 1 Billion USDT?
– Advertisement – Following the recent downtrend in the cryptocurrency market, there has been surging demand for Tether (USDT), with investors looking for means to mitigate the impact of t...
Given Breakthroughs Inside The Lightning Network Would Tether Relocate Towards The Bitcoin Network?
Synonym’s efforts are pushing the design landscape on Lightning to new heights, which is exciting to witness. It will be fascinating to observe how the use of OP Return, which Omni Layer uses, c...
Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In Quarterly Low
With the chaotic phase that the crypto market is going through, Tether (USDT) trading volume in Q1 of 2022 plunged lower compared to the same quarter of last year. The total Tether transaction for the...
Tether (USDT) Trading Volume Sinks $4.5 Trillion in Quarterly Low
Due to negative crypto market sentiment, Tether (USDT) trading volume in the first quarter of 2022 was lower than Tether trading volume in the same period of 2021. Despite the bearish trends of the ma...
We are ready for a bank run says Tether CTO Paolo Ardoino
Tether is ready for whatever the economic climate throws at it, Chief Technical Officer Paolo Ardoino told CryptoSlate at the Paris Blockchain Week Summit. In this exclusive interview, Ardoino explai...
50,105,000 Tether (USDT) Worth 50,105,000 USD Transferred From FTX to Unknown Wallet
Altcoin News In the past 36 hours, the ETH prices have fallen below $3000 multiple times. The crypto community is worried about the Federal Chair meeting on Thursday. Bitcoin (BTC) has fallen to recor...
Could Lugano’s ‘Plan B’ Bring Bitcoin To The Masses?
The gates in Parco Ciani, Lugano MHM55 / Wikimedia El Salvador’s decision to make bitcoin legal tender provoked a mixture of delirium and derision when it was announced last year. Among supporters of ...
Tether CTO Talks About Crypto Legal Tender In Lugano, Says CBDCs And Stablecoins Can Co-exist Together
The Chief Technology Officer at Tether and Bitfinex, Paolo Ardoino said that the company’s position as the most used stablecoin is not threatened by the rise in competition in the stablecoin market, a...
Tether CTO discusses threats to USDT; from rising competition to CBDCs
In a recent interview with Paolo Ardoino, the Chief Technology Officer of Tether and Bitfinex, Paolo revealed amongst other plans, that the company is confident that it will maintain its position as t...
Bitfinex, Tether Establish Crypto Relief Funds For People Affected In El Salvador Gang Crime
Bitfinex, a peer-to-peer crypto exchange along with the issuer of stablecoin USDT, Tether has established a crypto relief fund to help affected people and their families in the gang-related violence i...
Tether is gaining momentum against competing stablecoins, says Tether CTO
Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD C...
Why does Tron Founder Justin Sun Think So Highly Of Tether?
Justin Sun, the Tron founder expresses his views about Tether and signifies why the world needs Tether. If an individual adopts USDT on Tron, he/she can enjoy the financial services with almost zero ...
Tether (USDT) and USDC stablecoins are being launched on the Cardano blockchain
Since the debut of Tether, stablecoins have existed in the cryptocurrency space, but there have been no notable stablecoins in the Cardano ecosystem until recently. Charles Hoskinson, the Cardano foun...