sdhfjgjh

3 ms·

1. 1.▲
   by sdhfjgjh 5y ago

   If the price is under $1, the backer can purchase the coins with reserves and pocket the difference. The price will only depart from the peg if selling forces the market price down and the backer doesn't have enough reserves to purchas
2. 2.▲
   by sdhfjgjh 5y ago

   The lending rates are higher because lenders are paid a premium for owning a potentially worthless (USDT denominated) credit. The idiom that comes to mind is "picking up pennies in front of a steamroller".
3. 3.▲
   by sdhfjgjh 5y ago

   "Price gougey" implies that the prices are unethical; not in compliance with ethical norms; not normative.