4 ms·
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 shor
by 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 agoFor 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.