payment systems

  • Tether Sinks Below $1 in Nightmare Scenario for Bitcoin’s Future

    Tether Sinks Below $1 in Nightmare Scenario for Bitcoin’s Future

    The cryptocurrency market continued to haemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours. And absolutely no one knows when things will bottom out, with many people worried the entire market of fake digital money could go to zero as the stablecoin Tether officially traded below $US1 for…


  • Despite Its Name, Terra’s Stablecoin Value Plummets

    Despite Its Name, Terra’s Stablecoin Value Plummets

    In yet another case of stablecoins being less-than-stable, terraUSD (UST) plunged below its $US1 ($1.44) price peg for the first time since its inception. Bloomberg spotted the coin slipping to about 99 cents ($1.37) over the weekend, before plunging to roughly 60 cents ($0.83) on Monday night. As of this writing, Coindesk reports that the…