Yeah, the risk premium is surprisingly low: http://www.untether.space/ http://www.untether.space/ My guess would be that the Usdt is somewhat backed, so you ca

Yeah, the risk premium is surprisingly low: http://www.untether.space/ http://www.untether.space/ My guess would be that the Usdt is somewhat backed, so you can exchange some amount of it for usd and as long as no one questions any of that arbitraging it across exchanges is basically free money. Once tether gets a bank run and it becomes obvious it's not fully backed, that spread will shoot up