Nearly all major stablecoins lost their U.S. dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Plunging cryptocurrency prices are not the only consequence of this week\u2019s FTX-induced crypto contagion.\u00a0Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them depegging temporarily.According to CryptoQuant senior analyst Julio Moreno, nearly all leading stablecoins have experienced some level of peg volatility this week.The world\u2019s dominant stablecoin, Tether (USDT) temporarily declined to $0.97 on Nov. 10 as redemptions surpassed $600 million over the past two days, he noted. CoinGecko currently reports that USDT is still slightly below its peg, trading at $0.998 at the time of writing.Cointelegraph reported the Tether depegging incident citing evidence that FTX and sister company Alameda Research were attempting to short USDT.Crypto market volatility has gone up tremendously in the last few days amid the FTT\/FTX downfall.How are stablecoins doing in this environment? Tether's price shortly declined to $0.97 today as redemptions surpass $600M in the last 2 days. pic.twitter.com\/52eAtBs3NP\u2014 Julio Moreno (@jjcmoreno) November 10, 2022 Circle\u2019s USD Coin (USDC) has not been immune from the volatility either, as redemptions topped $1 billion. The stablecoin fell to $0.977 very briefly yesterday but rapidly regained its peg, according to CoinGecko.TrueUSD (TUSD) redemptions barely surpassed $1 million, Moreno noted, but that didn\u2019t prevent a depegging to $0.98 yesterday. The Pax Dollar (USDP) stablecoin dropped as low as $0.96 as redemptions hit $100 million, he noted.There was some volatility for the Binance stablecoin, BinanceUSD (BUSD), on the Gemini exchange, resulting in a brief dip to $0.98.Tron\u2019s algorithmic USDD stablecoin is still way off its peg, currently trading at $0.973, according to CoinGecko. It fell as low as $0.952 yesterday at peak volatility.Concerns over the collateral backing the stablecoin are rising as Tron (TRX), which is used to redeem USDD, has tanked 12% since the beginning of the week. Justin Sun also\u00a0accused FTX and Alameda of shorting USDD.The de-pegging incidents coincided with a slew of stablecoins leaving the FTX exchange on Nov. 10.FTX Exchange (0x2faf) has resumed transfer out 1 hour ago.A total of 99 transfers were made, with $4,433,330 stablecoins.Including:28 transfers of $USDC, 3,985,236 $USDC in total.22 transfers of $USDT, 325,569 $USDT in total.3 transfers of $BUSD,122,526 $BUSD in total. pic.twitter.com\/CdsSG1aWc9\u2014 Lookonchain (@lookonchain) November 10, 2022 Related: FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theoriesAt the time of writing, most major stablecoins including USDC, BUSD, USDP, GUSD and TUSD had returned to their U.S. dollar peg, meaning market participants fearing another Terra-type stablecoin collapse can breathe easy again for now.Markets have recovered marginally from yesterday\u2019s rout with a 5% gain in total capitalization which was back over $900 billion once again.