Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch

2023-8-8 13:00

Quick Take

Tether, the issuer of USDT, has recently experienced one of its largest redemptions since the FTX collapse in Nov. 2022, according to Paolo Ardoino, Tether’s CTO.

A total of approximately 325 million USDT was redeemed, marking a significant event in the stablecoin’s history.

This comes as the circulating supply of USDT is near record highs of around 83 billion, indicating the resilience and demand for this particular stablecoin.

Circ Supply/ 1 day Change: (Source: Glassnode)

An intriguing note is the USDT/USD redemption rate, which, according to Dylan LeClair, has fallen below the 10bp mark over the past 24 hours. This is the lowest rate seen since the FTX collapse and may suggest a change in market behavior or sentiment towards the stablecoin.

This data provides a snapshot of Tether’s activity and the ongoing influence of past market events, like the FTX collapse, on present occurrences. Further tracking of these redemption rates and circulating supply trends could offer valuable insight into the broader market dynamics and the stablecoin’s role within it.

PayPal launched its own stablecoin PYUSD on Aug. 7, which currently has a market cap of just $26 million, suggesting USDT redemptions are not directly linked to the increased competition.

USDT: (Source: Dylan LeClair)

The post Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Tether (USDT) на Currencies.ru

$ 0.9995 (+0.00%)
Объем 24H $45.577b
Изменеия 24h: -0.04 %, 7d: 0.03 %
Cегодня L: $0 - H: $1.0001
Капитализация $110.896b Rank 3
Цена в час новости $ 0.9994 (0.01%)

tether ftx collapse usdt largest cto total

Источник: cryptoslate.com

tether ftx → Результатов: 54


Фото:

FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges

FTX companies created and profited from Tether through an arrangement with a partner bank, according to a court case described by Bloomberg on Feb. 17. The case quoted Caroline Ellison, former CEO of Alameda Research, as stating: “Alameda could create USDT on credit through the unofficial Deltec Line of Credit and sell that USDT for […] The post FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges appeared first on CryptoSlate.

2024-2-18 04:06


Фото:

Tether заморозила принадлежащие FTX USDT на сумму $46.3 млн

Компания Tether, стоящая за стейблкоином USDT, заморозила принадлежащие терпящей кризис криптовалютной бирже FTX токены на сумму $43.3 млн. Причиной стал запрос правоохранительных органов.

2022-11-11 09:18


Паоло Ардоино: Tether не вкладывала средства в FTX или Alameda

Технический директор Tether заявил, что стоящая за крупнейшим в мире стейблкоином USDT компания не имеет инвестиций или активов, связанных с биржей FTX и компанией Alameda Research.

2022-11-9 14:32


Shiba Inu занял первое место в топ-1000 кошельков Ethereum

Shiba Inu лидирует по уровню накоплений среди топ-1000 кошельков Эфириума. На втором месте токен FTX, а на третьем – стейблкоин USDT от Tether. Согласно данным, предоставленным WhaleStats, среди топ-1000 кошельков Эфириума первым по популярности стал токен Shiba Inu с объемом в $1.

2021-12-24 15:48


FTX запустила американское подразделение криптодеривативной биржи

Криптодеривативная биржа FTX объявила о запуске платформы FTX. US, ориентированной на американских пользователей. We are open! 🥳🎉🍾https://t. co/qdynpiT5Jb pic. twitter. com/55uTGxKm7G — FTX US (@ftx_us) May 22, 2020 На новой бирже представлены торговые пары с шестью криптоактивами — биткоином, Ethereum, Bitcoin Cash, Litecoin, Paxos Gold (PAXG) и стейблкоином Tether (USDT).

2020-5-23 19:12


дальше еще 5 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.