how did usdt drop

Last Updated on October 8, 2023 by Paganoto

Tether lost $7 billion this week – Protocol

Tether lost $7 billion this week – Protocol

The market circulation of tether, also known as USDT, has dropped from about $83 billion on May 11 to around $76 billion on Tuesday, according to CoinMarketCap. The decline coincided with the crash of another major stablecoin, UST, and its sister cryptocurrency luna.May 17, 2022

Tether (USDT) stablecoin drops below $1 peg – CNBC

Tether (USDT) stablecoin drops below $1 peg – CNBC

Tether’s initial decline came after terraUSD, another stablecoin, plummeted below 30 cents Wednesday, which led to fears of a possible market …

Tether (USDT) Recovers From Dip After CTO Tweet – Bloomberg

Tether (USDT) Recovers From Dip After CTO Tweet – Bloomberg

More than $1.8 billion of Tether was removed from the market between Wednesday and Thursday, as Tether’s market value dropped to as low as $82.2 …

Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K

Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K

Traders sold USDT for U.S. dollars amid poor sentiment for stablecoins in crypto communities. Algorithmic stablecoin terraUSD (UST) earlier this …

Sudden price drop shows largest 'stablecoin,' Tether, isn't so …

Sudden price drop shows largest 'stablecoin,' Tether, isn't so …

Even if this were not true, with almost $2.5 billion worth of USDT in circulation, a crumbling of the stablecoin — of which a temporary 13 …

5 Questions About Tether and How Stablecoin Crashes Affect …

5 Questions About Tether and How Stablecoin Crashes Affect …

Tether’s USDT stablecoin broke its peg and fell to $0.94 Thursday – its sharpest drop from its supposedly fixed value of $1 since March 2021 …

Tether's USDT Loses Dollar Peg Again After Celsius Freezes …

Tether's USDT Loses Dollar Peg Again After Celsius Freezes …

Tether’s USDT stablecoin has dropped below $1 again after Celsius froze its customers’ accounts. USDT also lost its dollar peg in May after …

Tether, USDT market cap drops by US$10B since UST collapse

Tether, USDT market cap drops by US$10B since UST collapse

Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since TerraUSD’s …

Tether Untethered: World's Biggest Stablecoin Loses $1 Peg …

Tether Untethered: World's Biggest Stablecoin Loses $1 Peg …

Tether’s USDT, which is meant to be pegged to $1, dropped as low as 94 cents on Thursday.

Crypto meltdown deepens as stablecoin Tether drops below …

Crypto meltdown deepens as stablecoin Tether drops below …

LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets …