Tether could be worth $0.50 if the company said "We lost half the money and need to reset the peg". They would have to then redeem all the outstanding Tether, a

Tether could be worth $0.50 if the company said "We lost half the money and need to reset the peg". They would have to then redeem all the outstanding Tether, as no one will trust them. Therefore, this is unlikely to happen, as it will end the company.