USDT Financial News

06.06 / 07:37

USDT ADA GRT Luna Crypto month at a glance: Terra's black swan event ruled the market

Luna, a top 10 coin crashed to nothing. Other altcoins continued to feel the pain. Luna was a layer-1 platform that focused on DeFi (Decentralised Finance) protocols with its algorithmic stablecoin UST. Stablecoins are cash equivalent in the crypto space and often backed by either fiat currency (USDT) or crypto (DAI). They are crucial in most DeFi protocols. UST did not have any collateral and maintained its 1 dollar value with the help of arbitrage.

05.06 / 06:33

UPS Provident Tether USDT USDC and USDT: The changing demography of stablecoins

TerraUSD’s depegging and eventual collapse sent shockwaves across the crypto market, and in the wake of its crash, other major stablecoins such as Tether (USDT) and USD Coin (USDC), and DAI witnessed changes as well.

02.06 / 12:49

Blockchain Provident USDT Zetrix Announces Launch of NFT-based Insurance Product Covinsure

Public blockchain network Zetrix announced the launch of Covinsure, a non-fungible token (NFT)-based insurance product.

28.05 / 20:17

Blockchain Ethereum Tether USDT Lost Amid stablecoin market ‘May-hem’, Tether taking new steps to regain lost ground

The largest stablecoin with a market cap of $73 billion, Tether, ether has launched its native USDT on Polygon. The move is expected to help Tether gain ground as the leading stablecoin despite the recent de-pegging. While stablecoins have had a difficult month, this is a step in the right direction.

27.05 / 13:07

Blockchain Digital Tether USDT Tether Floats Mexican Pesos-based Stablecoin in Latin America

Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN₮ stablecoin.

25.05 / 02:55

Blockchain USDT Pool Luna Is NEAR at risk of suffering the same death spiral fate as LUNA

The LUNA and UST crash have shifted the spotlight on other crypto projects running decentralized stablecoins, such as NEAR’s USN. The latter is among the fastest-growing blockchain networks. However, a lot of investors seem to be questioning if that growth trajectory would suffer the same fate as Terra?

20.05 / 18:47

cryptocurrency USDT CRYPTONEWS International Metalpha: Advanced Digital Asset Management Platform Jointly Established by LYL Dragon Victory International and Antalpha AntPool

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

20.05 / 13:47

USDT Platform HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt

The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens.

18.05 / 19:23

Tether USDT Monero Bitcoin Monero [XMR] beneath the $166 mark could be a possibility if…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

18.05 / 17:29

Tether USDT end Eyes off UST because Tether is (might be) at the end of its rope

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. By comparison, Tether looked much better off – but is its stability an illusion as well?

18.05 / 03:19

UPS Lowe's USDT Bitcoin TRON [TRX] saw high volatility in May, could bulls be in the driving seat

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

17.05 / 23:17

USDT Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps

Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate.

14.05 / 17:33

Digital Tether USDT Platform Here’s what USDC is doing right to maintain certainty amidst Terra’s meltdown

It was only a week ago when the stablecoin economy got awfully close to surpassing the $200 billion mark. But Terra’s recent collapse changed all that. At press time, the stablecoin market capitalization witnessed a significant fall to the $163 billion figure.

14.05 / 00:53

Ethereum Lowe's Tether USDT UST to USDT: Here’s what caused largest 1-day dump in USDT’s addresses

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.

12.05 / 18:23

Progressive Tether USDT Bitcoin As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way

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. If that wasn’t painful enough, the stablecoin TerraUSD [UST] was changing hands at $0.6079 around press time.

12.05 / 13:05

Stablecoin MARKET Tether USDT Market Panic Puts Tether Peg Under Pressure

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.”

12.05 / 02:33

Digital SEC USDT Platform Mark Warner Gensler attacks USDT, USDC, BUSD while Do Kwon takes his ‘razor focus to deliver’

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. Headlining the dip was Terra labs, which saw its stablecoin take a massive blow of a 90% drop.

09.05 / 20:17

Kucoin defi USDT Crypto exchanges 500 KuCoin Offers New Users A Bonus Gift of up to 500 USDT Upon SignUp!

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

09.05 / 12:33

Stablecoin Tether USDT USDC USDT vs. USDC vs. UST: How Do They Compare?

Stablecoins are taking an increasingly growing market share of the overall crypto markets as the demand for digital dollars continues to rise among crypto investors.

08.05 / 20:39

Extreme USDT Santiment Luna Future Terra: With major whales dumping LUNA amid sell-off, the future looks…

At the time of writing, the Terra [LUNA] token was trading at a negative value of $65.36 that opened at a price of $68.10 for the day. As per additional data from CoinGecko, the token stood at $73.27 on 7 May, 2022 and plummeted by 10.8% as of 8 May 2022.

05.05 / 15:21

Blockchain Ethereum SUN USDT TRON DAO Launches USDD Jointly with Blockchain Leaders

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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