Tether (USDT) Depegs From $1



Over the past few hours, Tether’s USDT has been destabilizing and has lost its $1 peg. The community cites heavy selling pressure.

As of writing, USDT has been trading at 0.9958, continuously falling from its $1 peg. The screenshot below shows that it is down by almost 0.41% on Thursday. Crypto Twitter community cites heavy selling pressure for the depeg.

Tether (USDT) loses peg
USDT/USD, Coinbase. Source: TradingView

This is a developing story.

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