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That or provide on and off ramps that users can use to arbitrage any deviations from a value of $1.
by xur17 6y ago
That or provide on and off ramps that users can use to arbitrage any deviations from a value of $1.
- qeternity 6y agoWhich they cannot do because 1) they don't have any banking and 2) they cannot allow redemptions which would risk a run on their reserves (to the degree those exist at all).
- olalonde 6y agoExcept they do allow redemptions: https://app.tether.to/app/signup https://app.tether.to/app/signup
- qeternity 6y agoNobody in the history of crypto has ever demonstrated this. Not a single person.
- olalonde 6y agoNobody in the history of crypto has ever attempted it or no one has ever demonstrated it? It seems improbable no one has ever attempted it. And there's no reason to demonstrate if it is successful. So I'd argue the lack of failed demonstrations is evidence that it works.