Re:Tether starting to lose its peg too, after Terra did
by robocat on Thursday May 12, 2022 @05:16AM
(#31351231)
There is no strong distinction in backing: USDT just has a slightly more believable story.
Also the price of a stablecoin can shift from it's peg, even if it has 100% backing, when there is latency/congestion/spread/volume for the arbitrage trade.
That said, there is a whole heap of plenty of evidence that USDT is not backed by dollars 1:1.
Also the price of a stablecoin can shift from it's peg, even if it has 100% backing, when there is latency/congestion/spread/volume for the arbitrage trade.
That said, there is a whole heap of plenty of evidence that USDT is not backed by dollars 1:1.