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This is nuts. Is Tether failing too? This crap is way too complicated for a mere mortal.

It was depegged earlier this week. It will certainly fail eventually, but they may manage to keep the "party" going for awhile longer.

Tether's "peg" has long been more of a guideline than a fact.

For example, Tether traded as low as $0.95 and as high as $1.40 in 2021.