Tether is back up to around $0.98, but volume is high. Somebody is pouring cash into Tether to support the price.
Similar over at UST. Price is back up to $0.60, but volume is far above normal.
Remember, with a stablecoin, there is no upside to holding. Any indication of risk means it's time to get out. Even if Tether has enough reserves to get the price back to $1, there will be substantial cashing out.
That's why a stablecoin has only two stable points: 1 and 0.
Similar over at UST. Price is back up to $0.60, but volume is far above normal.
Remember, with a stablecoin, there is no upside to holding. Any indication of risk means it's time to get out. Even if Tether has enough reserves to get the price back to $1, there will be substantial cashing out.
That's why a stablecoin has only two stable points: 1 and 0.