Will More Stablecoins Go To Zero Before The End Of The Bear Market? ⚠ Crypto News Today ⚠

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The $1.3tn cryptocurrency industry was on last Thursday hit by one of its toughest challenges when stablecoin Tether — a critical part of the workings within the crypto market failed to maintain its link with the US dollar. The company refuses to provide details on the Treasury holdings that back the stablecoin claiming their fear of revealing the ‘secret sauce.’ Tether tumbled as low as 95.11 cents after, far below the $1 peg that it seeks to maintain. Its price later recovered, but the slip-up, days after the failure of smaller algorithmic stablecoin rival TerraUSD, (and its paired coin Luna) sent bitcoin — the world’s biggest digital asset — sinking to its lowest level since late 2020. Ratings group Fitch said the troubles at Tether and TerraUSD “highlight the fragile nature of private stablecoins, and will accelerate calls for regulation”. In todays video we look at the types of stablecoins like Terra VeUSD and USDC. These are used for Defi The Terra Whitepaper: assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf LOOKING FOR MORE? Our NFT Project 👉 https://www.cheekyverse.com/ PATREON 👉 https://www.patreon.com/cheekycrypto Our All-Access Pass Includes the following benefits: • Technical Analysis • News Updates • Private All Access Discord Community • Patron-only posts and messages • Exclusive Content • All Access Members Livestreams • EXCLUSIVE Buy Alerts • EXCLUSIVE Sell Alerts • EXCLUSIVE Staking Alerts • EXCLUSIVE Swing Trade Updates • Whale Alerts • Exchange Listing Alerts • Coin Trend Alerts – Keeping you ahead of others in the space • Trading Education covered in Livestreams and video’s All this for just £10 + Vat Per Month DISCORD 👉 https://discord.gg/cheekycrypto MERCH 👉 https://cheekycrypto.io/cheeky-crypto-merch/ Join our Stake Pools and make a passive income: CARDANO STAKE POOL 👉Ticker: CHEEK 👉 https://bit.ly/3AuPjMz HARMONY STAKE POOL 👉Ticker: CHEEKYONE 👉 https://bit.ly/3jBqhoY Crypto tax reports in under 20 minutes 👉 https://koinly.io/?via=CB7C45C3 Boba Network 👉 https://boba.network/ BONUS OFFERS SAVE 25% AT BITCOIN AFTER PARTY . COM 👉 CODE: CHEEKYCRYPTO GET $10 WITH NEXO 👉 https://nexo.io/ref/cheekycrypto GET $25 WITH CRYPTO COM 👉 https://bit.ly/2TwsmHT CRYPTO COM EXHANGE 👉 https://crypto.com/exch/cheeky SECURE YOUR CRYPTO WITH LEDGER 👉 https://bit.ly/3iI4lUL MANAGE YOUR CRYPTO PORTFLOIO FROM ONE PLACE 👉http://coinstats.app/pricing?promo=cheekycrypto SOCIAL MEDIA TWITTER 👉 @CheekyCrypto DISCORD 👉 https://discord.gg/cheekycrypto FACEBOOK 👉 CheekyCrypto INSTAGRAM 👉 https://bit.ly/3yjg6cr #crypto #cryptocurrency #cryptonews #cryptocurrencynews #altcoin #altcoins #bullrun #moon #hodl #blockchain #nft #digital #decentralized DISCLAIMER: We are NOT financial advisers. None of what we have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research before investing in any digital asset and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. ⚠ This video is for information / entertainment purposes only ⚠ All our videos are strictly personal opinions. Please make sure to do your own research and never take our opinions for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Keywords: cheeky crypto,terra,luna,ust,terra luna,terra ust,luna ust,crypto,stablecoins,algorithmic stablecoins,ust coin,luna coin,staking,anchor,ust staking,luna staking,luna terra,ethereum,top alt coin,luna price prediction,luna cto larsson,luna terra cto larsson,terra luna crypto,terra luna price prediction,luna crypto,crypto news today,anchor protocol,crypto news,terra technical analysis,luna price,terra crypto,crypto kirby Common Questions & Related Searches: How much is crypto worth today? Is crypto a good buy? What is a Bitcoin support level? What is the next resistance level for Bitcoin? What is the next support level for Bitcoin? Bitcoin price Crypto news Cryptocurrency prices USD Cryptocurrency to buy hbar crypto price prediction Cryptocurrency to invest in https://youtu.be/nhAHsJcuI_A Crypto Price Bitcoin Price Levels May 2022
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