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

![Tether price 1 day](https://i.postimg.cc/HLKrYHHL/USDT-1-D-graph-coinmarketcap.png)
[[Larger image](https://i.postimg.cc/HLKrYHHL/USDT-1-D-graph-coinmarketcap.png)]

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

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

kilianbuhn

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

cryptocoin

> 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

Reminder that tether is honouring USDt redemptions at 1$ via 

http://tether.to

. >300M redeemed in last 24h without a sweat drop.

bitcoin

USDT Losing its Peg! Lol 

> 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