3 ms·
Because the spread is too small, when it widened a few weeks ago the spread was heavily arbed.
by bidirectional 4y ago
Because the spread is too small, when it widened a few weeks ago the spread was heavily arbed.
- kasey_junk 4y agoOk, so a $1 peg doesn’t exist or it’s been broken. If Tether is pegged to a range against the dollar that’s fine and normal! Just claim that. Or better yet don’t claim a peg at all if you have no mechanism to actually defend it.
- bidirectional 4y agoThe peg breaks when Tether refuses/is unable to redeem USDT for USD. Obviously in any secondary market whether order book or AMM based there is going to be trading within a range.