Tags : Depegging


Tether Provide Plummeted $7.4B Amid Depegging Considerations, Terra Collapse: Glassnode

Amid the dramatic occasions surrounding final week’s TerraUSD collapse, Tether (USDT), the crypto business’s largest stablecoin, has dropped greater than $7 billion. Tether’s market capitalization plummeted from an all-time excessive above $83 billion on Might 11 to $75.6 billion as we speak. The lower in USDT provide coincided with the stablecoin briefly shedding its greenback […]Read More


Terra’s LUNA Declines 10% Amid UST Depegging Concern

Terra’s native token, LUNA, since yesterday has plummeted about 10% to $65.80 on fears that Terra’s stablecoin UST, propped up primarily by LUNA, might lose its peg. Stablecoins are cryptocurrencies pegged to fiat currencies such because the U.S. greenback on a 1:1 foundation. Depegging refers to stablecoins going above $1 or, extra generally, beneath $1. […]Read More