Tether Price Prediction: Can USDT Keep Its Dollar Peg?
Tether (USDT), the sector’s biggest stablecoin through market capitalisation, showed symptoms of losing its dollar peg in the wake of the collapse of Terra’s UST stablecoin and the crumble of the Celsius Network lending platform. The price stabilised after both incidents, with its chief era officer (CTO) telling holders that the currency continued to aid redemptions. Tether, which targets to suit USDT to USD at a charge of 1:1, dropped to a low of $0.9485 on 12 May as UST crashed. It has been buying and selling round $0.9994, in preference to specific parity at $1. What is tether (USDT)? How does the USDT stablecoin protocol vary from UST? What does the contagion from UST imply for tether? What is the cutting-edge tether crypto charge prediction after the recent instability? In this text, we take a look at current activities surrounding the stablecoin and answer these questions. UST fall apart renews tether collateral concerns Both tether (USDT) and TerraUSD (UST) are stablecoins ...