Anyone Seen Tether’s Billions?

Re:Anyone Seen Tether’s Billions? by vageli on Thursday October 07, 2021 @10:13PM (#28794945)

> So the price of BTC on Binance goes to the moon, and the price on CME collapses.

How long could this arbitrage oppportunity exist? It doesn't sound all that reasonable, in my opinion.

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Re:Anyone Seen Tether’s Billions? by qeternity on Friday October 08, 2021 @02:14AM (#28796236)

It’s not an arbitrage. Our price on Binance is denominated in USDT whereas our price on CME is USD (which is the entire point of the trade).

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Re:Anyone Seen Tether’s Billions? by kristjansson on Friday October 08, 2021 @01:23AM (#28796009)

BTC/USDT (on Binance) goes moonward as the denominator collapses, BTC/USD goes doomward as the numerator falls.

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