4 ms·
It’s not just 0.1% off the peg. It’s 0.1% off and facing large redemptions. That makes the peg loss seem significant
by graeme 4y ago
It’s not just 0.1% off the peg. It’s 0.1% off and facing large redemptions.
That makes the peg loss seem significant
- grapehut 4y agoThe large redemptions are what is causing them to be 0.1% off the peg...
- thebean11 4y agoOr is being 0.1% below peg causing large redemptions? People buying USDT at a discount and redeeming at face value.
- kasey_junk 4y agoThats why breaking the peg is so bad. Its a visious cycle so both are correct.
- thebean11 4y agoNo it's not..people buying in order to redeem brings the price closer to the peg, not further away.
- graeme 4y agoDefinitely. But a lot of people have looked at the small depeg and said “it’s not big, and they’ve depegged in the past. What’s the issue?” It’s seeing the redemptions that show it is significant