2. **The Bank Run**: News triggers a massive redemption wav…
2. **The Bank Run**: News triggers a massive redemption wave. Tether cannot honor redemptions at $1.00, breaking the peg. USDT crashes to $0.60, then $0.40.
2. **The Bank Run**: News triggers a massive redemption wave. Tether cannot honor redemptions at $1.00, breaking the peg. USDT crashes to $0.60, then $0.40.