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Average Ethereum gas prices were on track to quadruple over the past two days, thanks in part to stablecoin transactions.

Tether CTO, Paolo Ardoino, told us last month that Tether was prepared for a bank run. The post Tether claims they were ready for this bank run appeared first on CryptoSlate.

The meltdown in TerraUSD, one of the world's largest stablecoins, rippled through cryptocurrency markets on Thursday, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

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 2000s, one of the most infamous collapses occurred on Wall Street.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Joel Birch, CEO of Stacked, explains why he thinks Terra's turmoil won't spread to other stablecoins.

If the trading pair gets delisted, that would mean users can no longer trade LUNA for USDT on Binance.

CNBC's Kate Rooney reports on recent cryptocurrency price action.

The major crypto exchange said on Thursday it would delist the trading pair if the price fell under 0.005 USDT, which has already happened.

The Tether crypto is joining competitor TerraUSD in a fall from its $1 price peg. The bearish market is greatly hindering even stablecoins.

The year 2022 isnt been very favorable for the cryptocurrency market, especially the month of April and May. Now in just a few days, the cryptocurrency market has suffered more losses following Terra blockchain's stablecoin TerraUSD (UST) depegging event which has caused conflict between Bitcoin and stablecoins. As USDT/USD lost its peg against the dollar …

Stablecoin panic spread Thursday (May 12), with No. 1 stablecoin tether (USDT) breaking the buck in the wake of TerraUSD's spiraling plunge below $1 over the course of this week.

The Tether team has a powerful option to avoid a total collapse like TerraUSD.

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 of USDT lost its dollar parity and slid below $1 to trade as low as $0.97 before recovering to trade above $0.99 […] The post Tether (USDT) losses dollar peg after the recent stablecoin drama with Terra's UST appeared first on Invezz.

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.

Another stablecoin was under attack during the Asian trading sessions, as Tether briefly dipped below $0.95.

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, with markets continuing to suffer significant losses.

"I am optimistic that [Terra's] fall would not be that catastrophic — a collapse of [Tether] would be though," GlobalBlock said.

Tether, issuer of the dollar-based stablecoin USDT, has announced that it will honor all redemptions at USD $1 for all verified customers. The commitment by Tether arrives at a time of unprecedented volatility in crypto markets.

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 value in a day to trade at $0.1194 at press time.

Established stablecoin trading pairs have struggled to keep stable at crypto exchanges around the world. Here are the updates as the situation evolves.

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 the time of writing.

Catch up on the latest crypto market news at The Currency Analytics. How Much Damage did the Terra (UST) Spiral do to the stable coin guys and the future of the market… The post Terra (UST) should have been 300% backed per Paolo Ardoino of Terra (USDT) appeared first on Cryptocurrency News.

The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility. The post You can redeem Tether USDT 1:1 on tether.to but there's a catch appeared first on CryptoSlate.

While the crypto market is struck between Terra, and the UST crash, Tether, the third-largest cryptocurrency and one of the most liable stablecoin globally, has raised fear among the investors due to its price drop by 5%. The global cryptocurrency market is under extreme consolidation for a week now, with total market capitalization dropping to …