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Tether has successfully maintained its peg for nearly 10 years now, despite being an enemy of the US government. That is actually an incredible achievement.
by dannyw 4y ago
Tether has successfully maintained its peg for nearly 10 years now, despite being an enemy of the US government. That is actually an incredible achievement.
- simmerup 4y agoIt helps that you can only turn it into real money in 100k chunks.
- drexlspivey 4y agoYou can turn it into real money in any amount by selling it on the market. Market makers will handle the “100k chunks” problem for you.
- simmerup 4y agoExactly. It’s a neat way to prevent a run, especially if the market makers are acting in cahoots.