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Tether is currently pegged at a ratio of 1 to 1against the US dollar. However, the recent implosion of UST has led many to believe that USDT

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, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project's reserves. In addition to the tron purchases, […]

Tether has regained its US dollar peg. But experts say losing it earlier could be a wakeup call for the largest stablecoin by market capitalization.

The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system.

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...

It's a nightmare week for cryptocurrency investors as the sell-off continues. Bitcoin plummeted to its lowest valuation since December 2020, with significant gains wiped away from major altcoins.

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.

The ongoing cryptocurrency crash has injected a chaotic sentiment within the investors. The steep decline saw $200 billion in value wiped out in a single day.

During a Twitter Spaces event, Tether CTO Paolo Ardoino revealed that Tether had reduced its commercial paper holdings by 50%.

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Although the devastation in cryptos is incredibly disappointing, it may also provide opportunities for patient investors.

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, …

Binance warned it will delist LUNA if the coin crashes below 0.0005 USDT which means the user will no longer be able to trade LUNA for USDT on the exchange so let's read more today in our latest cryptocurrency news. Binance warned it will delist LUNA and the tether trading pairs if the price of […]

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.

Tether — which is meant to always be worth a dollar — sunk as low as 95 cents Thursday.

Increase in treasuries exposure comes along with concurrent cut of commercial papers

Even large cryptocurrency investors felt psychological pressure on their USDT holdings

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.

Bitcoin price remained well bid above USD 25,000 and started a recovery wave. It is currently (04:46 UTC) trading above the key USD 30,000 resistance zone, near USD 30,500, and is up 6% in a day, trimming its weekly losses to 17%.

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 …

After hitting lows of $0.95, a scenario not seen in more than 2 years, Tether (USDT) has gained momentum as it edges closer to the $1 peg.

After hitting lows of $0.95, a scenario not seen in more than 2 years, Tether (USDT) has gained momentum as it edges closer to the $1 peg.