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Their peg is still off and they’re redeeming. They may survive but they’re clearly struggling in a way they haven’t for a long while

• Grimburger 4y ago
  > they’re clearly struggling Currently at $0.999 USD. Is that really your definition of struggling? https://trade.kraken.com/charts/KRAKEN:USDT-USD https://trade.kraken.com/charts/KRAKEN:USDT-USD
  • AlexandrB 4y ago
    It's been like that since the short depeg on May 12. Why isn't it returning to "normal" (1.00)?
  • graeme 4y ago
    Yes? They are consistently below their peg and shedding market cap rapidly. The combination of these two suggests they’re seeing lots of selling and keeping peg up only by spending reserves. Except….they haven’t got it back to $1 They could easily do this if there wasn’t sell pressure. You can also check the Curve 3 pool. It’s missing about $2 billion in capital, the stablecoins ought to be near equal https://curve.fi/3pool https://curve.fi/3pool
• deleted 4y ago
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