> The 1:1 peg with USD is a total farce As long as the demand for USDT soars, it works! They can keep the price pegged by creating more USDT. If the demand shr

> The 1:1 peg with USD is a total farce As long as the demand for USDT soars, it works! They can keep the price pegged by creating more USDT. If the demand shrinks they can buy some back. If the demand shinks enough, they go belly up and all is worthless. Actually not too different than fiat currency. Only they have the demand for it locked by laws/ treaties/ wars/ etc. Tether is not that big.