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

20210818 War On Stablecoins Tether's market price slips below dollar parity amid ongoing stablecoin woes
Tether's market price slips below dollar parity amid ongoing stablecoin woes 2

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