Dixon previously served as chief operating officer ofMozilla.
The decreases in the prices of both terraUSD and tether come amid dramatic declines in the broader cryptocurrency market.
The crypto market hasshed more than $200 billion over the past 24 hours, according to coinmarketcap.com.
As of 3 p.m. PT on Thursday, bitcoin wastrading at $28,399andether at $1,906.
The small change to its price may have far-reaching reverberations throughout the cryptocurrency ecosystem.
But according to the company behind tether (also called Tether), business is going forward normally.
Tether has been embroiled in controversy for years.
Terraform Labs (the company behind terraUSD) didn’t respond to a request for comment.
