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With some differences in how the 'market' is run. How's that USDT dollar peg going at the moment btw...

• ENOTTY 4y ago
  UST's (Terra) peg is the one that is totally broken. It's an algorithmic peg, with its reserves in Bitcoin. USDT's (Tether) peg is fine right now (how much do you believe in commercial paper of unknown origin). And USDC's peg is also fine right now, and they claim to be backed by treasurys and actual cash.
  • headsoup 4y ago
    USDT is fine? It's been off-peg all day. I hope if you've got some you've read their terms and conditions. Do you remember the 42Mil fine they paid a couple of years ago for not actually holding reserves? I'm sure they're honest now though
    • ENOTTY 4y ago
      When I wrote that it was fine. Now it's not.
• roflyear 4y ago
  Tether is fine (usdt)
  • demygale 4y ago
    Tether is (mostly) fine today. But it’s an absolute, unmitigated scam and will collapse with the slightest pressure. As BTC declines, Tether’s backing declines as well, even as they print more Tether to pump up the price of BTC.
• latchkey 4y ago
  USDT is doing relatively ok (right now). What failed over the last few days (and caused the big dump on the rest of the market beyond just the correlation to stocks) is a stablecoin called UST. If you want a heavy dose of whataboutism though... look at EURO/USD.
• anm89 4y ago
  USDT peg is totally fine.
  • reducesuffering 4y ago
    Tether is currently trending down, at 99.5 cents, and is at risk of the beginning of depeg Edit: 98.7