3 ms·
Or is being 0.1% below peg causing large redemptions? People buying USDT at a discount and redeeming at face value.
by thebean11 4y ago
Or 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.