3 ms·
Are you saying that the exchanges are forcing a $1 +/- 0.05 price range for Tether instead of letting it float freely? Interesting.
by backprop1993 5y ago
Are you saying that the exchanges are forcing a $1 +/- 0.05 price range for Tether instead of letting it float freely? Interesting.
- ceejayoz 5y agoNo, they're saying their personal USDT trading strategy involves a cessation of activity if Tether breaks the $1 peg, as it probably indicates trouble requiring human intervention.
- merely-unlikely 5y agoNot forcing per se - the arbitrage incentivizes market makers to keep the value roughly in the expected range. This happens in any asset class but the mechanic is quite straightforward in this case.