5 ms·
Lol? It's pegged because they have enough money to cover their evaluation!!!! If tether is worth 100B in market cap, they must have 100B in assets (collateral
by ausudhz 4y ago
Lol?
It's pegged because they have enough money to cover their evaluation!!!!
If tether is worth 100B in market cap, they must have 100B in assets (collaterals) to cover their evaluation!
It's not a sentiment what the hell are you talking about. Economics 101
If that's the case tomorrow someone can create a new token, say is 1-1 with USD, collect a few billions and run away?
- Kiro 4y agoWhat exactly do you think you're looking at when clicking the post link? Their balance sheet?
- ausudhz 4y agoYes. Welcome to investment, that's how decisions are made: looking at balance sheets and boring numbers (collaterals/assets etc). If a big investor is willing to sell enough of their tether at a lower price to affect the conversion rate (of a 70B currency), means they figured something that you didn't. I don't know who's holding the majority of the tether and/or who's driving this discount but certainly they did the boring thing... Not looking at the *sentiment*
- pjc50 4y ago> If that's the case tomorrow someone can create a new token, say is 1-1 with USD, collect a few billions and run away? Hasn't that happened a few times? Luna, Celsius?
- ausudhz 4y agoExactly my point. USDT might fall into the same category