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Amazing how unregulated this stuff is. What happens if USDT falls bellow 1 by a lot? Who's going to win and who's going to lose?
by msoad 6y ago
Amazing how unregulated this stuff is. What happens if USDT falls bellow 1 by a lot? Who's going to win and who's going to lose?
- ed25519FUUU 6y agoQuestions like that are meaningless to greedy people.
- dcolkitt 6y agoIf/when that happens a major casualty will be all the people yield farming stablecoins on DeFi platforms like Curve and Compound. Right now staking dollar stablecoins looks like a pretty risk free way to make 5-10% per annum on your USD positions. The way you do that is by providing liquidity for trading back and forth between USDT/USDC/DAI and other stablecoins. If USDT ever breaks a buck, then there will be a run on the pools and all your USDC/DAI will suddenly convert to now worthless USDT.