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USDT-dollar peg wobbles as markets continue to struggle: Tether CTO weighs-in

LUNA/UST debacle leads to discrepancies in BTC-stablecoin trading pairs across global cryptocurrency exchanges.
Cryptocurrencies markets continue to suffer major losses following the depegging of Terra (LUNA) ecosystem’s stablecoin UST – causing discrepancies between stablecoin pegs and the value of Bitcoin (BTC).Stablecoin Tether (USDT) showed signs of stress as USDT/USD traded under $0.99 on major exchanges. Tether and Bitfinex CTO Paulo Ordoino took to Twitter to assure USDT holders that over 300 million UDST tokens had been redeemed at their $1 peg over the past 24 hours.GMReminder that tether is honouring USDt redemptions at 1$ via https://t.co/fB12xESSvB .>300M redeemed in last 24h without a sweat drop.— Paolo Ardoino (@paoloardoino) May 12, 2022

Cointelegraph reached out to the Tether CTO Paolo Ardoino to ascertain if there is cause for concern in USDT’s ability to maintain its $1 peg in light of recent events

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We współpracy z: https://cointelegraph.com/news/usdt-dollar-peg-wobbles-as-markets-continue-to-struggle-tether-cto-weighs-in

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