I have noticed those spikes in all stable coins (sometimes with more insane prices > $1.5)
This 1.5$ is "Fat-finger error". Whale wanted to dump 100 000 and dumped 1 mln by mistake. It may also be a bug in algo trader code (most likely triangular arbitrage).
According to this 1.03 $ on binance. I guess that a 10 million $ whale wanted to do fast swap.