4 ms·
“it’s a slow, manual process only offered to big holders” Is the most charitable reading you can give and I think it’s outside of peoples expectations of what
by kasey_junk 4y ago
“it’s a slow, manual process only offered to big holders”
Is the most charitable reading you can give and I think it’s outside of peoples expectations of what a peg means.
I’m actually quite fine with tether having whatever redemption rules they want, but that is not the traditional definition you’d see with something like a money market. I would never say usdt is pegged to the dollar.
- Semaphor 4y agoSo instead of a peg [0], it’s kinda like a crawling peg [1], or an even better match, the linked exchange rate system in Hong Kong [2] [0]: https://en.wikipedia.org/wiki/Fixed_exchange_rate_system https://en.wikipedia.org/wiki/Fixed_exchange_rate_system [1]: https://en.wikipedia.org/wiki/Crawling_peg https://en.wikipedia.org/wiki/Crawling_peg [2]: https://en.wikipedia.org/wiki/Linked_exchange_rate_system_in_Hong_Kong https://en.wikipedia.org/wiki/Linked_exchange_rate_system_in...