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LOL it's brutal, the best part for me is Terra had to dumb all their bitcoin, and now it's getting gobbled up on the cheap
@paoloardoino the only source of this fud is the curve 3pool imbalance. recommend putting all this fud immediately to rest by refilling the curve 3pool w/ $1b in usdc.https://twitter.com/biancoresearch/status/1524617884516900865
Reminder that tether is honouring USDt redemptions at 1$ via http://tether.to .. >300M redeemed in last 24h without a sweat drop.
Soo? The shitcoins dying is spreading? Good, good.
Tether was getting dumped, but since Tether (via tether.to) is paying out 1:1 for USD, it has for the most part recovered.
https://i.postimg.cc/HLKrYHHL/USDT-1-D-graph-coinmarketcap.png[Larger image]
But yes, there has been significant pain across most shitcoins.
FUD is making good money to few traders.Seeing firms buying USDt < 1$ on kraken, sell it for >= 1$ on finex or redeeming on http://tether.to for 1$.
To be fair, ... Minimum withdrawal (from Tether.to): $100,000
Here comes the FDIC to "save the day" for our poor helpless peg coins
LOL it's brutal, the best part for me is Terra had to dumb all their bitcoin, and now it's getting gobbled up on the cheap
Soo? The shitcoins dying is spreading? Good, good.
Tether was getting dumped, but since Tether (via tether.to) is paying out 1:1 for USD, it has for the most part recovered.
https://i.postimg.cc/HLKrYHHL/USDT-1-D-graph-coinmarketcap.png
[Larger image]
But yes, there has been significant pain across most shitcoins.
To be fair, ... Minimum withdrawal (from Tether.to): $100,000
Here comes the FDIC to "save the day" for our poor helpless peg coins