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A comment on Tether starting to lose its peg too, after Terra did. Parent comment
You do exactly this, but you don't proof it to anybody. Then there is constant doubt and the price can fall down a bit, e.g. to 0.97.
Then, you buy back your stable coins and you make an additional nice profit.
As long as there is no other more trusted stable coin demand will increase again and you will regain your market share.
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You do exactly this, but you don't proof it to anybody. Then there is constant doubt and the price can fall down a bit, e.g. to 0.97.
Then, you buy back your stable coins and you make an additional nice profit.
As long as there is no other more trusted stable coin demand will increase again and you will regain your market share.