Tether may have reassured the crypto community after a series of depegs in its stablecoin USDT this year, but its instability is a major concern. Early this morning, it was reported that the asset had fallen to a very low level, raising doubts about a Terra bis scenario. Let's take a look!
Tether (USDT) is the largest stablecoin currently on the markets. Present in the crypto ecosystem since 2014, its position is undeniable. However, USDT's lowest parity since the fall of FTX is being recorded, and this could be the work of Changpeng Zhao, CEO of Binance.
Tether, the USDT stablecoin issuer, has taken the decision to freeze $2.5 million in USDT due to its connection to an alleged hack of the Multichain interchain router protocol. Tether thus aims to protect the funds involved and prevent any potential misappropriation or unauthorized access.
It's quite a paradox! The man who shook the Kremlin does not come from the opposition camp, nor from outside. Yevgeny Prigozhin is a very close friend and Vladimir Putin's "former Swiss Army knife". He dared to challenge the powers that be with a short-lived rebellion backed by some 5,000 men. A situation quickly resolved by Putin, and one that has been emulated by Russian crypto-enthusiasts.
Unlike other cryptos, stablecoins inspire relatively more confidence among users. This is due to the stability of their value, which correlates with that of a fiat currency. However, their monetary status had never been officially recognized. At least, until Jerome Powell, Chairman of the US Federal Reserve (Fed), did so. Is this a turning point?
Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, has surpassed its previous all-time market cap high of $83.2B set in May 2022.
Remember decentralised finance? The sector, more commonly known as DeFi, has recently exploded and become the latest unavoidable trend in the cryptocurrency market. After Bitcoin (BTC) and altcoins, DeFi actually seems to be a little more than a trend. In the DeFi sector, which today weighs in at more…
Even though Tether is a rather special cryptocurrency in that one USDT will always be worth $1.00, it should still be considered as another crypto asset. Therefore, it is fair to ask the question of how to buy or sell Tether. In this guide, we are going to explain the…