Tether Depeg Event

Concerns over Bitfinex/Tether reserves

severeOctober 15, 2018 → October 20, 2018Duration: 120h

Lowest Price

$0.925

-7.5% from peg

Recovery Time

120h

Fully resolved

Severity

severe

>5% deviation

USDT Reserve Concerns (October 2018)

Persistent concerns about Tether's reserves and its relationship with Bitfinex exchange led to a significant depeg event.

October 15: USDT drops to $0.925 on major exchanges.

October 16: Bitfinex halts fiat deposits temporarily.

October 17-20: USDT gradually recovers.

Bitcoin price briefly spiked as traders moved from USDT to BTC

Accelerated the growth of competing stablecoins

Led to increased regulatory scrutiny of Tether