The implied price of tether by comparing the price of BTCUSDT vs BTCUSD (and, for that matter, all XXXUSDT and XXXUSD pairs) is consistent with the price indica

The implied price of tether by comparing the price of BTCUSDT vs BTCUSD (and, for that matter, all XXXUSDT and XXXUSD pairs) is consistent with the price indicated on Kraken. That exchange, as far as I'm aware, is the only USDUSDT exchange operating currently. At 2018-10-15T13:33:24Z: Kraken USDTZUSD: 0.9248 Gemini BTCUSD: 6384.0 Bitfinex BTCUSDT: 6925.1 G / bfx USDTUSD: 0.9218 Technically, Bitfinex operates a USDUSDT exchange (at 1:1), but they are reporting banking problems [1], and its possible that liquidity flight is driving some of the differential. Their exchange is de facto BTCUSDT since Tether is the fastest path to USD liquidity available, especially at the moment. [1] https://medium.com/bitfinex/fiat-deposit-update-october-15th-2018-18ddd276c3fd https://medium.com/bitfinex/fiat-deposit-update-october-15th...