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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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@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/ $1b in usdc.
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Reminder that tether is honouring USDt redemptions at 1$ via http://tether.to . . >300M redeemed in last 24h without a sweat drop.
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Soo? The shitcoins dying is spreading? Good, good.
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Tether was getting dumped, but since Tether (via tether.to) is paying out 1:1 for USD, it has for the most part recovered.
But yes, there has been significant pain across most shitcoins.
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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$.
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To be fair, ... Minimum withdrawal (from Tether.to): $100,000
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Here comes the FDIC to "save the day" for our poor helpless peg coins
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