Tether Tanks as Traders ‘Lose Trust,’ Other Cryptos See Price Boost

Monday, Oct. 15: Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is “stablecoin” Tether (USDT), which has today lost its U.S. dollar peg and is trading well below its historical trading range as of press time.

Tether is currently trading at around $0.96, down about 3.05 percent on the day, according to CoinMarketCap.

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