How stable are stablecoins in the FTX crypto market contagion?

Cointelegraph

Published Nov 29, 2022 09:23AM ET

Updated Nov 29, 2022 11:00AM ET

If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have raised alarm bells.

But, these aren’t normal times.

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