If tether have sufficient and sufficiently liquid assets, they shouldn’t have a particularly hard time. The cases where it fails look like: - tether runs out o

If tether have sufficient and sufficiently liquid assets, they shouldn’t have a particularly hard time. The cases where it fails look like: - tether runs out of liquid assets and must sell illiquid assets at a loss to meet redemptions - tether / market participants are not willing/able to process redemptions fast enough and the price is dislocated for a long time - tether never had enough assets and runs out of money and stops processing redemptions If you think that tether has sufficient good backing then it’s a lot more like maintaining the ‘peg’ of a money market fund or an etf than a peg between two floating currencies.