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Wonder if its a friction thing. Do you have to setup a special account to redeem on the primary channel?
by peteradio 4y ago
Wonder if its a friction thing. Do you have to setup a special account to redeem on the primary channel?
- pjc50 4y agoThe "official" channel has a MOQ of $100,000: https://tether.to/en/fees/ https://tether.to/en/fees/ There is a huge amount of friction. It's not clear whether they run market-maker operations to pick up the spread between Tether and $1. As always, the question is what actual assets Tether has to meet its claims.
- rosnd 4y ago> It's not clear whether they run market-maker operations to pick up the spread between Tether and $1. Of course they do.
- benaadams 4y agoAlameda Research (re: FTX exchange) normally makes a ton of money doing the arbitrage between dollars and tether but its having liquidity problems, so not doing it currently.