Paolo Ardoinino, CTO of Tether, relieves fears before the USDT-DE-PEG connection

Paolo Ardoinino, CTO of Tether, relieves fears before the USDT-DE-PEG connection

The minor deviation of the USDT from Greenback caused concerns that the world's largest stable coin could come under pressure.

curves 3pool-one of the top pools for stable coin trading-was flooded with USDT sellers, which essentially indicates that retailers accumulate other stable coins. The step brought the ideal breakdown of 33.33 % for each of its three stable coins - USDT, USDC and DAI - out of balance. This then led to a deviation from the USD

• In the past few months, Tether has managed to regain his dominance on the StableCoin market, especially after the banking crisis, which led to investors from USDC
• USDT reached a maximum of almost $ 84 billion. It is therefore afraid that a DE-PEG event could have catastrophic consequences for the economy.
• The annulment of the ties of the USDC at the beginning of this year drew the attention of the supervisory authorities to the area of the stable coin. These worries get even greater when another similar event occurs at a time when some of the crypto heavyweights are exposed to an intensive procedure.
• crypto experts, however, Correction of the binding of a stable coin is not determined by its price on a stock exchange, but rather by whether you can redeem it 1: 1 from the source. ”
• paolo ardoinino, CTO of Tether, recognizes the fud, which was caused by the recent market events, tweeted,

"The markets are tense these days, so it is easy for attackers to capitalize on this general mood. But at Tether we are ready as always. Let them come. We are ready to redeem every amount."

• It is still unclear who repels usdt, but there is a deviation attributed to a whale address called Czsamsun, which borrowed 31.5 million and exchanged for USDC.
• Using 17,000 ETH and 14,000 Steth as security, the whale in question reported that the entire borrowed supply via the 1-inch network converted in USDC before paying a total of $ 10 million or $ 21 million in AAVE V2 and V3. Shortly thereafter, the borrower pulled a USDT loan of 12 million V3 and paid him into V2.

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