USDT Losing its Peg! Lol
5 sats \ 8 comments \ @21 12 May 2022 bitcoin
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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
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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/ $1b in usdc.
https://twitter.com/biancoresearch/status/1524617884516900865
https://twitter.com/ramenfarm/status/1524637779623260166
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1 sat \ 4 replies \ @cryptocoin 12 May 2022
Reminder that tether is honouring USDt redemptions at 1$ via http://tether.to . . >300M redeemed in last 24h without a sweat drop.
https://twitter.com/paoloardoino/status/1524625162859130882
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20 sats \ 1 reply \ @kilianbuhn 12 May 2022
Soo? The shitcoins dying is spreading? Good, good.
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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.
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But yes, there has been significant pain across most shitcoins.
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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$.
https://twitter.com/paoloardoino/status/1524413029898719234
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3 sats \ 0 replies \ @cryptocoin 12 May 2022
To be fair, ... Minimum withdrawal (from Tether.to): $100,000
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0 sats \ 0 replies \ @Brunswick 12 May 2022
Here comes the FDIC to "save the day" for our poor helpless peg coins
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