How The Tether Peg Could Predict Raging Bitcoin Volatility

how-the-tether-peg-could-predict-raging-bitcoin-volatility

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. Most prominent of this had been Tether USD, whose peg saw the most opposition … Read more

Stablecoin supplies and cash reserves in question amid crypto exodus

stablecoin-supplies-and-cash-reserves-in-question-amid-crypto-exodus

The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week. Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The amount … Read more

Investors Make For Stablecoin Hills As USDT Volume Touches All-Time High

investors-make-for-stablecoin-hills-as-usdt-volume-touches-all-time-high

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. … Read more