What happened to USDT?

Despite the general crypto markets rising, USDT had a huge dump the last 48 hours. USDT is designed to be a stablecoin. This means it is supposed to have low volatility. Once it broke the $.97 area, it began a huge unwind, seeing as low as $.85 on the Kraken exchange.

Is USDT a stablecoin?

USDT is designed to be a stablecoin. This means it is supposed to have low volatility. Once it broke the $.97 area, it began a huge unwind, seeing as low as $.85 on the Kraken exchange.

What is Tether (USDT)?

Tether (USDT) is the largest and most trusted stablecoin in the crypto market. Designed to mirror the price of the US Dollar, it is owned by iFinex, a Hong Kong-based company that also owns the crypto exchange BitFinex, a top 10 exchange by volume.

Is USDT (USDT) a better coin than Terra (Ust)?

USDT has proven itself a much more robust coin than Terra (UST) did when it spiraled and wiped billions of dollars from investors’ wallets. In fact, when UST was crashing, USDT had a brief dip to $0.98 before quickly returning to its US Dollar peg.