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A comment on Tether Fined $41M for Lying About Reserves. Parent comment

Re:Tether Fined $41M for Lying About Reserves by SilasX on Friday October 15, 2021 @03:59PM (#28882422)
It flips back and forth with USDC, which one is higher, at least on compound.finance. Right now USDC is higher, but it's been different. Here are the historical charts (click the "borrow" tab, doesn't seem to be a way to link it with that one selected):

https://compound.finance/markets/USDC

https://compound.finance/markets/USDT

For example, on October 7, it shows USDT at over (sorry, "north of") 13%, while USDC was (sorry, "clocked in at") ~5%.

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Re:Tether Fined $41M for Lying About Reserves by leppr on Friday October 15, 2021 @06:07PM (#28883682)
The rates are mostly affected by sudden changes in demand.

The demand for Tether comes mostly from Binance and the other centralized Asian exchanges. The demand for Circle dollars comes from the DeFi ecosystem and FTX.

[ Parent | on HN ]