3min chapter

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This Is What We Know About How Tether Works

Odd Lots

CHAPTER

Cryptocurrency

Tether is a stable coin. One tether is supposed to be worth $1 at all times. It has previously dipped below that level, particularly after the big crypto blowups in the spring of this year when Terra Luna collapsed. When FTX collapsed, it slipped slightly below its $1 peg, but it's come back.

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