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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by pjc50 on Thursday May 12, 2022 @06:10AM (#31351687)
Emerging markets? Which of course means that even if they started with $X of collateral a year ago, they're exposed to the wider market crash which is happening and therefore have much less.
[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by mrep on Thursday May 12, 2022 @09:42AM (#31354034)
Not to mention currency risk. I heard they were invested in china which if they were their yuan are now worth 6% less to get the same amount of USD which customers are expecting USDT to be in.
[ Parent | on HN ]