3 ms·
Nah, that chart has a $0.0005 range on its y axis and even there, the value is fairly stable. This is what it looks like if the range is between $0.90 and $1.10
by eknkc 4y ago
Nah, that chart has a $0.0005 range on its y axis and even there, the value is fairly stable. This is what it looks like if the range is between $0.90 and $1.10: https://link.ekin.dev/zPe9Qq https://link.ekin.dev/zPe9Qq
Not saying Tether is the bastion of trust but the data shows exact opposite of what you are implying.
- roenxi 4y agoA sound-bite from elsewhere in the comment section is stablecoins having 2 stable values - 1 and 0. In this case, if the peg isn't being maintained that could easily be a sign of heavy stress. Someone is maintaining the peg. If they don't have the power to push from 0.999 to 1.001 then they certainly don't have the power to push from 0.9 to 1.0. I'm sceptical enough of Tether that my opinion isn't interesting, but the trending nature of the slip could easily turn out to be an early warning.