4 ms·
The reason that this doesn't scare me too much is that during the last crisis (when the price of USDT dipped significantly) the price on most exchange was unaff
by andrewla 8y ago
The reason that this doesn't scare me too much is that during the last crisis (when the price of USDT dipped significantly) the price on most exchange was unaffected, but Bitfinex and other USDT-based exchanges showed a significant discount on the price of USD (manifested as a premium in BTC prices). So the market is capable of assimilating information about the value of Bitfinex-held USD (and thus USDT) without it having a price impact on Bitcoin (or other cryptocurrencies).