Bitcoin Drop Hits USDT: Tether CTO Explains FUD In The Market!

After the decline in Bitcoin (BTC), a new FUD about Tether (USDT) emerged, and a statement came from the company CTO.

After the statements by the US Federal Reserve (FED), a new FUD about USDT emerged while Bitcoin was falling. Bitcoin’s TSI last night to 5% losing near value 26 thousand dollars from the level 24.9 thousand dollars after regression to USDT, decentralized finance (DeFi) platforms It was heavily sold.

Big sales coming decentralized finance (DeFi) platform Curve (CRV) 3pool in the liquidity pool USDT balance 313 million customarily 75% of took it off. Along with this process 1 dollar USDT separated from its constant, USD Coins (USDC) And to DAI versus average 0.03% value lost.

Under normal conditions, on this pool USDT, DAI and USDCThe magnitude of should be equal, but in the current situation DAI And USDC average 50 each with million pieces 12.38% And 12.15% forming.

With heavy sales of attackers Tether on a triggering the FUD And want to deepen depeg while alleged heavy credit-deposit in the middle of transactions DeFi platform In Aave V2, USDT deposit interest rates 20% of rose above it.

Response from Tether CTO on FUD

Tether CTO Paolo Ardoino On June 15, he published on his official social media account. in the shipmentthe market these days moody and the environment attackers by your general feeling for abuse suitable stated that.

CTO, Tether to the current situation opposite stance He used the following statements about:

We are ready as usual at Tether. Let them come. We can meet any amount.

CTO Ardoino told The Block that the latest developments that causes tension this big investors from the market to go out stated that he encouraged

Tether’s launch entering And releases for transitional mission Ardoino, who stated that he saw when interest grows your entries rises interest when it decreases If your outputs is increasing expressed. In addition to this, Ardoino has experienced Tether like attack direct stablecoin targeted attacks Can not be denied underlined that.


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