2 ms·
Claims of Tether failing are slightly exaggerated: https://coinmarketcap.com/currencies/tether/#charts https://coinmarketcap.com/currencies/tether/#charts It
by tromp 8y ago
Claims of Tether failing are slightly exaggerated:
https://coinmarketcap.com/currencies/tether/#charts https://coinmarketcap.com/currencies/tether/#charts
It was closer to failing in Apr 2017, dipping below 0.92$,
while recently it only dipped below 0.96$. Perhaps it's somewhat worrying that it hasn't been above 1$ since Oct 11,
but it's still managing to stay within a few percent.
- lozenge 8y agoAny drop past $1 longer than a few minutes indicates Tether isn't really backed by USD. Which is what the external evidence also shows (no audit, Tether terms explicitly say they are not redeemable for USD, etc)