Tether CTO: Terra wasn’t a rug pull, it was a poorly designed ‘castle of cards’
“It was clear to me, it was clear to many that I know that it was a bad idea,” said Tether and Bitfinex CTO Paolo Ardoino. Go to Source Powered by WPeMatico
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Tether reports 17% decrease in commercial paper holdings over Q1 2022
“This latest attestation further highlights that Tether is fully backed and that the composition of its reserves is strong, conservative, and liquid,” said Paolo Ardoino. Go to Source Powered by WPeMatico
Tether launches crypto and blockchain education program in Switzerland
“It is essential that educational institutions are put into place to help better inform not only traders and investors but future business owners,” said Paolo Ardoino. Go to Source Powered by WPeMatico
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed. Go to Source Powered by WPeMatico
Analysts assess the aftermath of the Terra (LUNA) collapse | Cointelegraph interview
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview. Go to Source Powered by WPeMatico
Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week. Go to Source Powered by WPeMatico
First 7-week losing streak in history ― 5 things to know in Bitcoin this week
Doom and gloom and an overall sense of unease pervades the market ahead of the World Economic Forum. Go to Source Powered by WPeMatico
$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system. Go to Source Powered by WPeMatico
Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining
BTC, ETH and altcoin prices were crushed this week, but the futures funding rate shows retail traders are not ready to become permabears. Go to Source Powered by WPeMatico
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top … Read more
