Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Finance USD and USDC are trading at $1.08 and $1.09, respectively (Andrew Rummer/The Block)

Andrew Rummer / The Block:

Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Finance USD and USDC are trading at $1.08 and $1.09, respectively  —  Quick Take  — Tether dropped below $0.96 on Thursday morning.  — The stablecoin is designed to keep a constant peg with the dollar.

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