May 12, 2022

The tether (USDT) stablecoin dropped to as low as 94 cents Thursday before recovering to just above 99 cents, briefly losing its parity with the U.S. dollar.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.