Cryptocurrencies markets continue to suffer major losses following the depegging of ecosystem’s stablecoin TerraUSD (UST), causing discrepancies between stablecoin pegs and the value of (BTC).

Stablecoin TetherUSDT) Signs of stress were evidentAs traded below $0.99 on major exchanges. Paulo Ardoino (Bitfinex Chief Technology Officer) took to Twitter to confirm that USDT holders had received over 300,000,000 UDST tokens at $1 per day in the last 24 hours.