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Tether (USDT) lost its dollar parity today following the recent drama with Terra's UST stablecoin.

UST's collapse is generating real panic in the crypto markets also on the other stablecoins

One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche.

First Terra's UST lost its peg, and now Tether's USDT is suffering the consequences.

Market sell-off sees Bitcoin cracking key support, Tether De-Pegging concerns exacerbates drop

Tether sank to as low as 98 cents Thursday morning, according to data from CoinGecko.

Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped as low as $0.945.

Tether's USDT, which is meant to be pegged to $1, dropped as low as 94 cents on Thursday.

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 for the swap.

A panic across the crypto market early Thursday morning in Europe put the stablecoin tether (USDT)'s US dollar peg under pressure, with the token trading as low as USD 0.91 on some exchanges. The crash has led some to wonder why arbitrage traders don't seem to want “free money.”

The value of Tether (USDT) stablecoin against the United States dollar is seeing significant downward pressure on exchanges and has fallen below its $1 peg price. The post Hold on to your hats, Tether USDT shows signs of de-pegging on exchanges appeared first on CryptoSlate.

Crypto's first and largest dollar-pegged stablecoin lost its peg amid mounting redemption pressure.

Tether (USDT) to engage third-party in chain swap from TRC20 to Ethereum and Avalanche

LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges.

The stablecoin Tether has the majority of its reserves in U.S. Treasuries, having dropped its exposure to commercial paper over the last six months, its chief technology officer Paolo Ardoino said in a Twitter Spaces chat on Thursday.

Just as the crypto space is experiencing the most dreadful days in its history, the said backbone ‘Tether' also tumbles up. No doubt the USDT peg-de-peg is just a normal routine during the bull run and market corrections. But this time it may be a matter of concern as the crypto space is filled up …

Tether is being pushed down heavily as the panic on the crypto market aggravates

What is the outlook of the Tether price prediction? We explain whether USDT will survive the UST meltdown and what next.

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 crash.

The stablecoin's open market price dropped below $0.96 on Thursday, three days after TetherUSD definitively broke from its dollar peg. The post Tether's market price slips below dollar parity amid ongoing stablecoin woes appeared first on The Block.

USDT is the latest stablecoin causing nervousness as Tether insists that operations are continuing as normal.

Coinbase cryptos are a great place to seek returns in Q2. These 3 picks have plenty of upside based on current news.

The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently going through a rough patch.

As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its peg with the US dollar. The main reason for building a stablecoin is that it won't fluctuate in price along with giving crypto …