Tether (USDT) Depegs From $1

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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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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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