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A comment on Crypto Market Roiled by New Allegations Against Tether, Bitfinex. Parent comment

Re:Crypto Market Roiled by New Allegations Against Tether, B... by panarky on Friday April 26, 2019 @12:51AM (#19754942)
> if you hold USDT and want to sell it for cheap, who is going to buy it for cheap-but-nonzero?

The market price for one Tether is currently $0.9984 because traders are buying at that price.

So if anyone holds Tethers and believes there's greater than 1% probability that it goes to zero, the rational trade is to sell.

The fact that the price holds at parity tells me that Tether is not an obvious fraud.

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Re:Crypto Market Roiled by New Allegations Against Tether, B... by gzu on Friday April 26, 2019 @03:52AM (#19755539)
There is complacency among the exchanges though. You really believe all that volume and price action is legitimate? Exchanges want tether to be worth what they say it’s worth, 1 USD. The alternative is a massive crash in tether and therefore bitcoin price therefore altcoins price therefore profit (trading fees) for exchanges. The scam can go on much longer than you/anyone can imagine.
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