What's the difference between terrausd and tether?

TerraUSD and Tether are both stablecoins but they're built differently. Market conditions (whether premeditated or random) caused TerraUSD's stablecoin system to break, shaking confidence in stablecoins. Tether is seeing extreme selling pressure, but holders are still able to redeem for physical dollars if they choose.

Can tether avoid a total collapse like terrausd?

The Tether team has a powerful option to avoid a total collapse like TerraUSD. U.S. dollar stablecoin Tether ( USDT 0.05%) is the largest stablecoin by market capitalization in the world and the third largest cryptocurrency period, trailing only Bitcoin and Ethereum. And on May 12, Tether did something it's never done before.

Will terrausd ever recover?

TerraUSD lost its $1 peg a few days ago and has traded as low as $0.30 per coin. And it's possible it will never recover. In this article, let's briefly look at stablecoins and what might be next for Tether and for the cryptocurrency space as a whole. Image source: Getty Images.