Devinda Dissanayake
Members Public

Tether, World's largest stable coin has dropped below its $1 peg

Tether, the world's largest stablecoin, Known as the crypto world's digital dollar, fell below its $1 peg on Thursday amid a crypto market panic. At around 3:15 a.m. ET, the token dropped to as low as 95 cents on some exchanges. It is intended to be pegged 1: