News for hackers. Stuff that matters.

A comment on Tether price manipulation. Parent comment

Re:Tether price manipulation by qeternity on Friday January 08, 2021 @08:39AM (#25684589)
I'm not sure what arbitrage you're referring to. But more importantly, nobody is selling these freshly printed USDT for USD...that's the whole point. They are selling USDT for BTC.

99% of the USD/USDT trading is fake/wash trading to give the illusion of volume.

[ Parent | on HN ]
Re:Tether price manipulation by mathgenius on Friday January 08, 2021 @12:52PM (#25687483)
Kraken has USDT/USD markets. I'm sure there are plenty of other places to trade USDT for USD.

https://www.kraken.com/prices/usdt-tether-usd-price-chart/us...

[ Parent | on HN ]
Re:Tether price manipulation by jerry1979 on Friday January 08, 2021 @02:36PM (#25689207)
If tether is functionally doing a fractional reserve scheme, then we should expect a run on the tether bank sooner or later.
[ Parent | on HN ]