USDT Depegs, ATEM Car Club, & ETH Earnings

Published on: May 12th, 2022

Chart of The Day: USDT Depegs Briefly During Asia hours today, USDT saw a depeg from $1 to $0.945 at its lowest point on FTX. This did not last long and has since repegged back at $1. USDT was being sold off and USDC was being bought, causing the USDC to rise to a peak of $1.06. USDC/USDT was trading at ~1.1 at the peak of the depeg.


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