3 ms·

Yes - it is... It's stable - not fixed. The stability of the coin allows for minor flucuation in price - these are then arbitraged out. Today's drop is clear

by edf13 4y ago

Yes - it is... It's stable - not fixed. The stability of the coin allows for minor flucuation in price - these are then arbitraged out. Today's drop is clearly an indicator of market moves, cash-outs, etc.

tome 4y ago
Yes, of course it can move a few basis points, like a money market fund (compare https://www.vanguard.co.uk/professional/product/fund/money-market/9869/sterling-short-term-money-market-fund-institutional-plus-gbp-acc https://www.vanguard.co.uk/professional/product/fund/money-m...). It shouldn't drop by 5% occasionally!