Tether Depeg Event

Market contagion from FTX collapse

minorNovember 9, 2022 → November 11, 2022Duration: 48h

Lowest Price

$0.986

-1.4% from peg

Recovery Time

48h

Fully resolved

Severity

minor

<1% deviation

USDT FTX Contagion Wobble (November 2022)

During the FTX exchange collapse, market panic caused a brief dip in USDT's price.

November 9: FTX halts withdrawals. General market panic.

November 10: USDT briefly drops to $0.986.

November 11: USDT recovers to $0.998+.

Tether processed ~$700M in redemptions

Demonstrated Tether's improved redemption infrastructure

Minor event compared to expectations