3Anno·

$USDT (-0,06%) 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 (+2,12%) 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 🥕

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33 Commenti

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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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Go away...😭
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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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@Moneten At this point I then also briefly greet the boys & girls at Coinbase for their stable performance 😂
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The depeg is still within the range so far, there have been more than 5% before
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@mcs are at 50 cents
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@leveragegrinding it's about $USDT and not about $UST
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@DonkeyInvestor aahhhhh then I'm lost
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@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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Let's see what happens around 3 pm.
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@Speedflash Why at 3 pm?
@DonkeyInvestor It's morning for the Americans and they always cope so well with panic on the market 😂
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@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
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Now at 50 cent
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@leveragegrinding nope. Tether not Terra
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Team WallStreetBets is just trying everything... people are shortening like mad just all possible stablecoins
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@feribum seems like the remaining stablecoins are stable
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@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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@feribum Link? Tether seems quite stable to me. But you are right
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