Ethereum Lowe's Tether USDT

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

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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.Bitcoin alone fell to below $25,000 on the morning of 12 May, a price not seen since December 2020.

Even, Ethereum, the largest altcoin lost around 20% of its value in just 24 hours.Over the past few days, the TerraUSD (UST) stablecoin, which is meant to maintain a dollar peg, uncoupled dramatically from the $1 mark.

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