Status of TetherMe in the last 24 hours
server status
countries
Response time
ping service
In Isnotdown, you will be able to instantly check if TetherMe works perfectly, or on the contrary, if it is registering some type of problem to offer its services.
The TetherMe service appears to be working!
Frequent failures of TetherMe
Summary.
The collapse of TerraUSD (UST) had three stages.
First, two traders broke UST's peg; next, Terraform Labs and three supporters repaired it by purchasing $2B UST; finally, the continued sell-off drained those funds, hyperinflated UST's sister token LUNA, and crashed the price of both LUNA and UST.
After a large amount of UST was dumped, the stablecoin started to depeg.
More UST was sold in a mass panic, minting more Luna and increasing the Luna circulating supply.
This had the knock-on effect of then crashing the price of Luna.
Why is crypto crashing? Crypto's price moves can be affected by interest rates, inflation and other macroeconomic factors that can affect how confident people feel investing their money in risky alternative assets.
“Tether is really the lifeblood of the crypto ecosystem,” said Hilary Allen, a finance expert at American University.
“If it imploded, then the entire facade falls down.
” Tether is the dominant issuer of stablecoins, a type of cryptocurrency pegged to a stable asset like the U.
S.
dollar.
Troubleshooting Tips
Still stuck and not enjoying TetherMe, then go to Step 3.