Cryptopolitan
2022-05-12 13:11:34

Largest stablecoin Tether (USDT) briefly depegs as market plummets

The world’s largest stablecoin lost its peg briefly on Thursday amid extremely volatile conditions in the cryptocurrency market. USDT momentarily depegged to $0.95 but has recovered to $0.9921 during the time of writing.  USDT dropped to $0.95 Amid USDT’s slight drop, other major stablecoins such as USDC, BUSD, and DAI, were seen gaining small points...

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