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Over the past few hours, Tether's USDT has been destabilizing and has lost its $1 peg. The community cites heavy selling pressure.

The Bitcoin and crypto markets are deep in the red today. Even though the US Federal Reserve announced the hoped-for interest rate pause yesterday, the release of the updated dot plot was a nasty surprise for the financial markets.

There were indications of significant activity involving the sale of millions of dollars' worth of tether (USDT) stablecoins on popular Uniswap and Curve pools on Thursday morning, which caught the attention of traders.

Whales have been selling off significant amounts of Tether (USDT), the largest stablecoin in the cryptocurrency market, leading to a surge in its dominance within the Curve 3pool liquidity pool. The unusual influx of USDT has triggered concerns about the stablecoin's stability and caused apprehension surrounding USDT's depegging.

USDT slightly de-pegged from its usual 1:1 ratio with the US dollar on the Curve decentralized exchange, presenting a unique arbitrage opportunity.

With the market's largest stablecoin waffling, the Tether CTO took to Twitter to assure investors that redemptions won't be a problem.

As the crypto market's volatility continues, the total stablecoin market capitalization declined by 0.25% over the past 24 hours, with an average price change of 0.71%.

Tether, the most dominant stablecoin with over 76% of the stablecoin market share, appears to be in hot water right now! However, there is no clear indication of a ‘depeg' but the popular token is facing massive selling pressure.

USDT has de-pegged as the Curve 3Pool becomes heavily imbalanced, but issuer Tether is "ready to redeem any amount."

USDT holdings on Curve's popular ‘3pool' have risen to over 72% as of Thursday morning, suggesting a sudden disbalance.

Paolo Ardoino, CTO of Tether and Bitfinex, has responded to growing fears in the crypto market with an assertive tweet stating, "Markets are edgy in these days, so it's easy for attackers to capitalize on this general sentiment. But at Tether we're ready as always.

Speculation is mounting that Tether's USDT, the largest stablecoin by market capitalization at around $83.4 billion, may be under pressure.

In an exclusive interview with crypto.news, Paolo Ardoino, chief technology officer at Bitfinex and Tether, provided a fascinating insight into his journey in the cryptocurrency industry, his thoughts on regulation, and the role of bitcoin in the future.

With regulatory forces working against virtual currency trading platforms, investors should be very cautious about cryptos.

The company behind the issue of USDT stablecoin, Tether Holdings, has announced that it will work with a third-party exchange to convert 750 million USDT from Tron to Ethereum ERC20 via a chain swap. With a current market valuation of $83.37 billion, USDT is by far the most valuable stablecoin in existence.

The process will have no impact on Tether's total supply.

In a significant development within the cryptocurrency market, Tether, the world's most widely used stablecoin, has made a noteworthy move by releasing the second tranche of $1 billion USDT tokens on the Ethereum blockchain. This strategic decision by Tether comes at a time when the demand for stable digital assets is experiencing rapid growth, highlighting the pivotal role that stablecoins play in the broader cryptocurrency ecosystem.

Zerion's head of growth unpacked the strategy of launching a mobile-first crypto wallet in an industry dominated by desktop competition.

In a strategic move, Tether partnered with a third-party exchange to facilitate the conversion of 750 million USDT tokens from the Tron blockchain to the Ethereum ERC20 standard.

Tether has just notched up a new all-time high for USDT supply despite a deepening bear market and the ongoing war on crypto in the US.

The stablecoin sector is noting a resurgence of interest following SEC's lawsuits, with a rise in active addresses and weekly senders seen.

Tether recently minted another $1 billion worth of its Tether USDT stablecoin on the Ethereum blockchain, which is another big issuance within two months since its last minting on April 21.

Tether Holdings, the blockchain start-up behind the issuance of the USDT stablecoin, has announced its plans to conduct a major chain swap for the token. Per the announcement, a total of $750 million worth of USDT will move from the Tron (TRX) blockchain to the Ethereum (ETH) protocol.

Tether, the leading issuer of stablecoins worldwide, has once again made waves in the cryptocurrency market. In a surprising move, Tether has issued an additional 1 billion USDT tokens on the Ethereum blockchain, as reported by the vigilant Whale Alert monitoring system.