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For something pegged 1:1 with the US dollar a 1.4% decrease is quite unusual. It's volume is 2nd only to Bitcoin per [1]coinmarketcap. With your 3rd point abo
by ccjnsn 7y ago
For something pegged 1:1 with the US dollar a 1.4% decrease is quite unusual.
It's volume is 2nd only to Bitcoin per [1]coinmarketcap.
With your 3rd point about pricing changes, yeah correlation/causation, it's a theory that is plausible though.
1.coinmarketcap.com
- GreaterFool 7y agoIf the peg was actually backed by anything then yes, that'd be unusual.
- askmike 7y agoNot really no, it depends on how much liquidity of a certain type is worth compared to liquidity of another type. Given the volatility in crypto markets this tends to change drastically in different times. Same as why lending rates for crypto & fiat can go from 0.0001% to 0.08% (per day for example) in a matter of hours based on certain sudden price action.
- carrja99 7y agoYou would think, but not for tether. I've seen it sit comfortably at 98-99% and even once dip as low as 89%.