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Tether Loses $1 Peg, Bitcoin Drops to 2020 Levels of Near $24K

Weak sentiment around stablecoins may have contributed to USDT’s depegging Thursday morning.

Updated May 11, 2023, 5:24 p.m. Published May 12, 2022, 7:26 a.m.
(Chris Rogers/Getty Images)
(Chris Rogers/Getty Images)