2Anno·

$USDT (+0,02%) 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 (+0,16%) 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 🥕

attachment
15
33 Commenti

immagine del profilo
Thank you @DonkeyInvestor for always being the first to inform us about such things, best donkey this side of the Bosporus 💪
6
immagine del profilo
Il commento è stato cancellato
immagine del profilo
@leveragegrinding I think you need to read properly first 😜
1
immagine del profilo
2
immagine del profilo
Go away...😭
3
immagine del profilo
@Doomer USDT to be on the safe side. Now you've scared me...
immagine del profilo
@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
immagine del profilo
@Doomer but seems to be recovering again
immagine del profilo
@DonkeyInvestor What have you done with your UST?
Deducted it or are you hoping that it will (stably)lize?
immagine del profilo
@Doomer I am constantly doing something and trying to increase them through market fluctuations
immagine del profilo
@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...
1
immagine del profilo
@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
immagine del profilo
@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
1
immagine del profilo
@Doomer I basically buy and sell all the time. 22 orders since yesterday 😅
1
immagine del profilo
@DonkeyInvestor Heart attack incoming. Don't overdo it...
1
immagine del profilo
So who still has Krpyto on the Exchanges should get a hardware wallet very quickly. When USDT bursts there is a real celebration :D
1
immagine del profilo
@Moneten At this point I then also briefly greet the boys & girls at Coinbase for their stable performance 😂
immagine del profilo
The depeg is still within the range so far, there have been more than 5% before
1
immagine del profilo
@mcs are at 50 cents
immagine del profilo
@leveragegrinding it's about $USDT and not about $UST
immagine del profilo
@DonkeyInvestor aahhhhh then I'm lost
1
immagine del profilo
@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.
1
Let's see what happens around 3 pm.
immagine del profilo
@Speedflash Why at 3 pm?
@DonkeyInvestor It's morning for the Americans and they always cope so well with panic on the market 😂
immagine del profilo
@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
@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
1
immagine del profilo
Now at 50 cent
immagine del profilo
@leveragegrinding nope. Tether not Terra
immagine del profilo
Team WallStreetBets is just trying everything... people are shortening like mad just all possible stablecoins
immagine del profilo
@feribum seems like the remaining stablecoins are stable
immagine del profilo
@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 😃
immagine del profilo
@feribum Link? Tether seems quite stable to me. But you are right
Partecipa alla conversazione