13 ms·
It is funny to see that people think 0.9990 is a depegged. I'm almost sure in your machine learning models, you have much worse error rate :)
by m00dy 4y ago
It is funny to see that people think 0.9990 is a depegged. I'm almost sure in your machine learning models, you have much worse error rate :)
- devoutsalsa 4y agoI'd guess the 0.999 price just indicates more selling pressure than buying pressure. The market cap of USDT has been trending downwards over the past 2-ish months.
- graeme 4y agoBingo. Tether defends the peg on their Bitfinex exchange. Then people arb the difference. But right now people are hesitant to arb and so need a higher premium.
- puranjay 4y agoIn low confidence systems, 0.99 can cause a bank run and eventual death spiral.
- reducesuffering 4y agoTake a look at the 3 month or 1 year chart: https://coinmarketcap.com/currencies/tether/ https://coinmarketcap.com/currencies/tether/