{"id":12219,"date":"2022-05-13T11:52:34","date_gmt":"2022-05-13T11:52:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/index.php\/2022\/05\/13\/tethers-usdt-briefly-loses-1-peg\/"},"modified":"2022-05-13T11:52:34","modified_gmt":"2022-05-13T11:52:34","slug":"tethers-usdt-briefly-loses-1-peg","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tethers-usdt-briefly-loses-1-peg\/","title":{"rendered":"Tether&#8217;s USDT Briefly Loses $1 Peg"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Amid poor sentiment for stablecoins after Terra\u2019s UST debacle, the tether (USDT) stablecoin lost its 1:1 peg for some time on Thursday, dropping to as low as 95 cents for a moment, after re-establishing itself quick enough.<\/p>\n<p>Traders had been selling USDT for U.S. dollars after the algorithmic stablecoin UST depegged to as low as 22 cents from its intended $1 level. It currently stands at $0.25 according to CoinMarketCap data.<\/p>\n<p>Tether\u2019s Chief Technology Officer Paolo Ardoino confirmed earlier on Thursday that Tether was continuing to honor \u201cUSDT redemptions at 1$\u201d, nevertheless a small sell-off took place.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/tethers-usdt-briefly-loses-1-peg\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Amid poor sentiment for stablecoins after Terra\u2019s UST debacle, the tether (USDT) stablecoin lost its 1:1 peg for some time on Thursday, dropping to as low as 95 cents for a moment, after re-establishing itself quick enough. Traders had been selling USDT for U.S. dollars after [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12219"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12219"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12220"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}