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That's exactly the case, and I would consider a price below $0.999 or a price above $1.001 to be a depeg. It's just that few people cared enough about such a ti
by renonce 4y ago
That's exactly the case, and I would consider a price below $0.999 or a price above $1.001 to be a depeg. It's just that few people cared enough about such a tiny fee so Tether can earn $2m out of every $1b minted. At its worst times Tether charged 3% redemption fee, making 1USDT equal 0.97USD, but by disguising it as a fee they could claim that 1USDT is just 1USD.