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Benzinga
Benzinga
Business
Samyuktha Sriram

Crypto Market Panic Worsens As Tether (USDT) Loses Dollar-Peg

Crypto United States TER Paolo Ardoino

Market-wide panic ensued after Tether (CRYPTO: USDT) – the largest stablecoin by market cap – began losing its peg to the U.S. dollar.

What Happened: According to data from Benzinga Pro, USDT fell to an all-time low of $0.948 across major exchanges like Coinbase Global Inc (NASDAQ:COIN) on Thursday.

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