Yet. The reason this 0.3% drop is news is that, as we last saw with Luna/TerraUSD, depegging is very fast when it happens, and a lot of people have been forecas

Yet. The reason this 0.3% drop is news is that, as we last saw with Luna/TerraUSD, depegging is very fast when it happens, and a lot of people have been forecasting a Tether depeg and consequent crypto carnage for a long time. However, TerraUSD was algorithmic, making it extra fast to collapse, while Tether's backing is much more obscure and its owners have more levers to pull to try to pop it up. Edit: Fixed percentage, math is hard