USDT has Stood the Test of Time for a Solid 9 Years Now
On October 6, 2014, the first-ever USDT transaction took place, marking the beginning of this stablecoin’s journey. Since then, USDT has weathered its fair share of FUD (Fear, Uncertainty, Doubt). However, it’s worth noting that USDT has also had several instances where it temporarily lost its peg to the US dollar.
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For instance, in April 2017, its value dropped to as low as $0.92 per token. And during the Terra crash in May 2022, it touched the $0.95 mark for a brief period.
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