BREAKING: “Stablecoin” Tether $USDT is down 3% to $0.97, the lowest it’s been in 2 years.
— Watcher.Guru (@WatcherGuru) May 12, 2022
Tether is instrumental to crypto trading and liquidity. It’s purpose is to remain equal to the USD.
“People are still processing this but this is the Lehman moment for crypto”
Hearing about a lot of funds possibly insolvent from Luna meltdown
— Frank Chaparro (@fintechfrank) May 12, 2022