USDT/USDC peg stability into year-end

Considering the current market dynamics, particularly the ongoing regulatory scrutiny and the general de-risking sentiment as we approach the holidays, I'm leaning towards a sustained test of the $0.998 handle for $USDT against $USDC by month-end. While $USDC remains robust around $0.9997, the marginal spread on $USDT at $0.99848 suggests continued pressure. I'd put the probability of $USDT seeing sustained trading below $0.998 for at least a few days before year-end at around 60%. This isn't a call for panic, but rather an observation of capital flows and reduced liquidity into the close of the year, which tends to amplify minor dislocations.