So the most interesting thing to me, here, is that a lot of exchanges seem to denominate in USDT, not USD. And the BTC price is currently different between the

So the most interesting thing to me, here, is that a lot of exchanges seem to denominate in USDT, not USD. And the BTC price is currently different between the two on exchanges that have both - https://trade.kraken.com/charts/KRAKEN:BTC-USD https://trade.kraken.com/charts/KRAKEN:BTC-USD https://trade.kraken.com/charts/KRAKEN:BTC-USDT https://trade.kraken.com/charts/KRAKEN:BTC-USDT I wonder how long it'll take things to ripple through the ecosystem if the price of tethers continues to be other than $1. (edit - and I may be wrong, but it looks to me like the USD price is following the USDT price by approximately that offset, so as tether regains some of its peg, the USDT price doesn't move much, but the USD price heads back up towards it. Feels like the tail wagging the dog..)