3 ms·

Will the peg break?

• deleted 4y ago
  [deleted]
• Grimburger 4y ago
  People have been saying it will on this website for years now. https://news.ycombinator.com/item?id=16182423 https://news.ycombinator.com/item?id=16182423 Currently at $0.9987 https://trade.kraken.com/charts/KRAKEN:USDT-USD https://trade.kraken.com/charts/KRAKEN:USDT-USD
  • tpxl 4y ago
    For context, if 0.0013$ seems low, it was hovering between 0.9998$ and 1$ 7 days ago, it de-pegged 6 days ago and hit a low point of 0.95$ 5 days ago for a short time, and eventually climbed back to 0.9990$ where it's hovering right now.
    • charcircuit 4y ago
      For more context, redeeming USDT has at least a 0.1% fee meaning that when people are doing arbitrage via redemption 1 USDT can only ever reach up to $0.9990. It requires demand for Tether to go up for it to reach $1.
• throwaway4good 4y ago
  It broke last Thursday but is back again.