3Anno·

$USDT (+0,01%) loses the dollar peg

⚠️ Update: after plunging as low as $0.95, things seem to be returning to some normalcy. Or just the calm before the storm?

After the crypto faction has certainly witnessed the drama around $UST (+0,36%) in the last few days, Tether has now been trading below a dollar for a few hours. The dimensions are by far not as huge as with UST, but it started similarly with UST - and currently you can watch the gap grow.

Unlike UST, USDT is not algorithmic. For every USDT there is a real dollar deposited. The only stupid thing is that exactly this is doubted again and again. At the same time, USDT is the most important stablecoin in the crypto environment. If USDT continues to crash, what we have seen in the crypto environment in recent days was just a small dent.

I for one have swapped all stablecoins into euros and only keep UST for gambling. And don't forget, with the Donkey you heard it first 🥕

33 Commenti

Zoro@RoronoaZoro

3Anno

Thank you @DonkeyInvestor for always being the first to inform us about such things, best donkey this side of the Bosporus 💪

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Moritz@leveragegrinding

3Anno

Il commento è stato cancellato

Pope Donkey XXI@DonkeyInvestor

3Anno

@leveragegrinding I think you need to read properly first 😜

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Moritz@leveragegrinding

3Anno

@DonkeyInvestor ja true, my bad

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Doomer@Doomer

3Anno

Go away...😭

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Doomer@Doomer

3Anno

@Doomer USDT to be on the safe side. Now you've scared me...

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Doomer can be anything and nothing. I also had an exchange in USDT. No desire to lose the USDT swap in addition to the UST swap

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Doomer but seems to be recovering again

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Doomer@Doomer

3Anno

@DonkeyInvestor What have you done with your UST?
Deducted it or are you hoping that it will (stably)lize?

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Doomer I am constantly doing something and trying to increase them through market fluctuations

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Doomer@Doomer

3Anno

@DonkeyInvestor I tried that too. I think it was the most exciting 4 hours of my life 😅
But I got out on the plus side...

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Doomer yo, I'm always really tense too 😅. It's going well so far, but it's not enough to pay off the Tausi that I originally had in UST. I'll keep going for that long

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Doomer@Doomer

3Anno

@DonkeyInvestor I'll keep my fingers crossed for you.
Was in from 0.5 cents, first down to 0.3 and then exited at 0.6 ... boy, boy

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Doomer I basically buy and sell all the time. 22 orders since yesterday 😅

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Doomer@Doomer

3Anno

@DonkeyInvestor Heart attack incoming. Don't overdo it...

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thommy@Moneten

3Anno

So who still has Krpyto on the Exchanges should get a hardware wallet very quickly. When USDT bursts there is a real celebration :D

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Zoro@RoronoaZoro

3Anno

@Moneten At this point I then also briefly greet the boys & girls at Coinbase for their stable performance 😂

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MCS_02@mcs

3Anno

The depeg is still within the range so far, there have been more than 5% before

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Moritz@leveragegrinding

3Anno

@mcs are at 50 cents

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Pope Donkey XXI@DonkeyInvestor

3Anno

@leveragegrinding it's about $USDT and not about $UST

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Moritz@leveragegrinding

3Anno

@DonkeyInvestor aahhhhh then I'm lost

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MCS_02@mcs

3Anno

@leveragegrinding 98 cents at USDT. Tether is a scam and I would be really happy if they go bust, but I don't really believe it yet.

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Mashtyx@Mashtyx

3Anno

Let's see what happens around 3 pm.

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Speedflash Why at 3 pm?

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Mashtyx@Mashtyx

3Anno

@DonkeyInvestor It's morning for the Americans and they always cope so well with panic on the market 😂

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Pope Donkey XXI@DonkeyInvestor

3Anno

@Speedflash take a more relaxed view of crypto. There are no opening hours and not everyone wakes up at the same time due to the time difference

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Mashtyx@Mashtyx

3Anno

@DonkeyInvestor Yes, that's true, but there are still often large fluctuations between 15 and 15:30. It's also possible that nothing happens. Anything is possible in the crypto world

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Moritz@leveragegrinding

3Anno

Now at 50 cent

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Pope Donkey XXI@DonkeyInvestor

3Anno

@leveragegrinding nope. Tether not Terra

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Ferto@feribum

3Anno

Team WallStreetBets is just trying everything... people are shortening like mad just all possible stablecoins

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Pope Donkey XXI@DonkeyInvestor

3Anno

@feribum seems like the remaining stablecoins are stable

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Ferto@feribum

3Anno

@DonkeyInvestor yes, because the focus is now on Tether and the pressure is built up that Tether discloses the reserves completely. 🤷🏽‍♂️ There is a lot of speculation and gossip whether WallstreetBets or large institutions are trying to profit here 😃

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Pope Donkey XXI@DonkeyInvestor

3Anno

@feribum Link? Tether seems quite stable to me. But you are right

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