USDT Losing its Peg! Lol \ stacker news ~bitcoin

5 sats \ 8 comments \ @21 12 May 2022 bitcoin

20 sats \ 0 replies \ @TheBTCManual 12 May 2022

LOL it's brutal, the best part for me is Terra had to dumb all their bitcoin, and now it's getting gobbled up on the cheap

0 sats \ 0 replies \ @cryptocoin 12 May 2022

@paoloardoino the only source of this fud is the curve 3pool imbalance. recommend putting all this fud immediately to rest by refilling the curve 3pool w/ $1b in usdc.

1 sat \ 4 replies \ @cryptocoin 12 May 2022

Reminder that tether is honouring USDt redemptions at 1$ via http://tether.to . . >300M redeemed in last 24h without a sweat drop.

20 sats \ 1 reply \ @kilianbuhn 12 May 2022

Soo? The shitcoins dying is spreading? Good, good.

0 sats \ 0 replies \ @cryptocoin 12 May 2022

Tether was getting dumped, but since Tether (via tether.to) is paying out 1:1 for USD, it has for the most part recovered.

https://i.postimg.cc/HLKrYHHL/USDT-1-D-graph-coinmarketcap.png

[Larger image]

But yes, there has been significant pain across most shitcoins.

0 sats \ 0 replies \ @cryptocoin 12 May 2022

FUD is making good money to few traders. Seeing firms buying USDt < 1$ on kraken, sell it for >= 1$ on finex or redeeming on http://tether.to for 1$.

3 sats \ 0 replies \ @cryptocoin 12 May 2022

To be fair, ... Minimum withdrawal (from Tether.to): $100,000

0 sats \ 0 replies \ @Brunswick 12 May 2022

Here comes the FDIC to "save the day" for our poor helpless peg coins