Tether’s market price slips below dollar parity amid ongoing stablecoin woes
-Tether (USDT) dropped below $0.96 early Thursday
-The token dropped to a 24-hour low of $0.956 on FTX
-UST has drastically de-pegged
-Terra’s native asset, LUNA, have affected crypto prices in recent days
-Other stablecoins in the market are trading at a premium against USDT
-Tether is backed by a pool of invested assets
-In the last 24 hours, Tether has honoured over 300m USDt redemptions
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