That's not a tether though, that's an exchange rate. A tether is like a fixed (pegged) exchange rate[1], where there is an arbitrage opportunity. But that's no

That's not a tether though, that's an exchange rate. A tether is like a fixed (pegged) exchange rate[1], where there is an arbitrage opportunity. But that's not BTC-USD. [1] https://en.wikipedia.org/wiki/Fixed_exchange-rate_system https://en.wikipedia.org/wiki/Fixed_exchange-rate_system