Tether’s peg got challenged last week – Peak irrational markets

During Thursday’s sell-off, Tether traded at lows of $0.945 on FTX – a clear signal of peak irrationality and chaos in the market.
Source: Tradingview (FTX, Coinbase)

The UST de-pegging last week had second-order effects on the market. Suddenly, Tether began trading at substantial discounts to the $1 peg as the fear reached peak irrationality.

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