{"id":5709,"date":"2022-05-12T14:36:09","date_gmt":"2022-05-12T12:36:09","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/05\/12\/turmoil-in-crypto-market-as-stablecoin-tether-breaks-dollar-peg\/"},"modified":"2022-05-12T14:36:09","modified_gmt":"2022-05-12T12:36:09","slug":"turmoil-in-crypto-market-as-stablecoin-tether-breaks-dollar-peg","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/12\/turmoil-in-crypto-market-as-stablecoin-tether-breaks-dollar-peg\/","title":{"rendered":"Turmoil in crypto market as \u2018stablecoin\u2019 tether breaks dollar peg"},"content":{"rendered":"

Fears of contagion among already falling cryptocurrencies if tether follows terra into collapse<\/p>\n

Tether, the largest \u201cstablecoin\u201d and a foundational part of the cryptocurrency ecosystem, is at risk of a bank run after breaking its peg to the dollar amid the sector\u2019s worst crash in years.<\/p>\n

The cryptocurrency traded at less than $0.98 (82p) for the first time in two years on Thursday morning, prompting its chief technology officer, Paolo Ardoino, to tweet reassurances to investors<\/a> that it was still capable of honouring withdrawals at par.<\/p>\n

Continue reading…<\/a>
\nFears of contagion among already falling cryptocurrencies if tether follows terra into collapse
\nTether, the largest \u201cstablecoin\u201d and a foundational part of the cryptocurrency ecosystem, is at risk of a bank run after breaking its peg to the dollar amid the sector\u2019s worst crash in years.
\nThe cryptocurrency traded at less than $0.98 (82p) for the first time in two years on Thursday morning, prompting its chief technology officer, Paolo Ardoino, to tweet reassurances to investors that it was still capable of honouring withdrawals at par. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Fears of contagion among already falling cryptocurrencies if tether follows terra into collapse Tether, the largest \u201cstablecoin\u201d and a foundational part of the cryptocurrency ecosystem, is at risk of a bank run after breaking its peg to the dollar amid the sector\u2019s worst crash in years. The cryptocurrency traded at less than $0.98 (82p) for …<\/p>\n

Turmoil in crypto market as \u2018stablecoin\u2019 tether breaks dollar peg<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":5710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5709"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5709"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5710"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5709"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}