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> The problem is that if there were legitimate buying of BTC with Tether, which is plausible after the ass-whooping USDBTC has taken recently, new Tether would
by qeternity 5y ago
> The problem is that if there were legitimate buying of BTC with Tether, which is plausible after the ass-whooping USDBTC has taken recently, new Tether would need to be issued to keep the 1:1 peg.
Um, no. Not sure how you think markets work, but this isn't right. Suggest you ask yourself if you really understand this topic, or if you own some crypto and thus have an incentive to believe you understand it so that you can dismiss it and enjoy the sweet crypto gainz.