Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Tether's USDT market valuation has decreased by nearly $9 billion after Terra's UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra's UST stablecoin, with USDT trading as low as $0.95. Tether's “implosion” was approaching, according to the crypto analyst known for his opposing viewpoints. This is …
Tether (USDT), the world's largest stablecoin, saw its total supply fall sharply this month as more investors traded the token in for dollars. The trend comes in the wake of one of the worst crypto crashes seen in recent times.
Yesterday, the 17th of May, the cryptocurrency market was in green with Bitcoin and other major cryptocurrencies trading positively. However, this bullish trend didn't last for long as the bearish trend had escalated during the TerraUSD stablecoin (UST) crash. The world's first cryptocurrency by market cap which had reclaimed $30,000 a few days ago has …
USDT's recent slip below a dollar has left investors questioning its stability.
USDT was commonly seen as the troubled child amongst all the stablecoins, but things rapidly changed as TerraUSD [UST] came into the picture only to crash and burn. At press time, the ex-stablecoin was trading at $0.1258 and had a market cap ranking of 44.
Fear and panic have spread through the cryptocurrency markets all week following the shocking collapse of the Terra ecosystem. The UST stablecoin, once worth $18 billion, entirely lost its peg and brought Luna down with it – now worthless having once been worth over $42 billion. The contagion rippled through the markets, with Bitcoin falling […] The post Interview: GlobalBlock's Sotiriou discusses Terra meltdown & Tether contagion appeared first on Invezz.
With cryptos following other investment classes into a wave of volatility, market participants must exercise extreme caution.
CeDeFi exchange platform Unizen is adding new options for holders of its utility token with the addition of the ZCX/USDT trading pair on its platform. Unizen is the operator of a smart exchange platform that's focused on marrying centralized and decentralized exchanges, a concept known as CeDeFi.
Following the latest drama with UST and other stablecoins, USDT has seen a sizeable reduction in its overall circulating supply.
Dubai, May 18, 2022 (GLOBE NEWSWIRE) -- Pallapay is a global company that offers cryptocurrency exchange services. Currently, the company provides services where users can buy and sell USDT, Bitcoin, Ethereum, and other cryptocurrencies with ...
The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block.
Tether's supply crashed amid the de-pegging concerns and briefly lost its peg as well but now some investors dropped the stablecoin for the competition so let's read more today in our latest Tether news. Amid the dramatic events around last week's TerraUSD collapse, Tether as the industry's biggest stablecoin dropped by more than $7 billion.
"We can keep going if the market wants, we have all the liquidity to handle big redemptions and pay 1:1," Tether's chief technology officer said.
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 if they can destabilize the coin.
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 had significant effect on investor sentiment.
Will Tether stablecoin crash? What will happen to Tether company after Terra's collapse?
The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry. The post Tether explains why it ‘has nothing in common' with Terra UST appeared first on CryptoSlate.
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 billion from the ‘stablecoin' Tether, according to new data…
$7 billion has been removed from USDT as investors fear that Tether may go the way of UST
Amid Terra's collapse last week, Tether also briefly lost its peg. Now, it appears some investors have dropped the stablecoin for the competition.
Today is Tuesday (May 17), and it's the biggest day for voting so far in 2022, with ballots being cast by Dems and GOP voters in Idaho, Kentucky, North Carolina, Oregon and Pennsylvania primaries. Plus, retail sales for April will be released at 8:30 a.m.
Tether's circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko.
The Anchor Protocol price prediction is that the ANC/USDT pair will remain on life support for some time to come.
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 […]
