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It can temporarily depeg if there are more people selling than there are people who are able to redeem who are incentivised to defend the peg On Bitfinex the p
by shawabawa3 4y ago
It can temporarily depeg if there are more people selling than there are people who are able to redeem who are incentivised to defend the peg
On Bitfinex the peg has held strong because Bitfinex have a close relationship with Tether and enabled customers to convert USD/USDt freely (for now)
Other exchanges are experiencing either a temporarily blip (will eventually get arbitraged away) or it's the beginning of Tether being insolvent. Time will tell
- LegitShady 4y ago>people who are able to redeem who are incentivised to defend the peg This doesn't make any sense. Either you can sell it for $1 or you can't. If you can then it's free money to buy tether from people selling below $1 and selling it back to tether for $1. I would describe the relationship between tether and bf as more than "close" they have the same owner.