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

Re:Tether starting to lose its peg too, after Terra did by throwxxxaway on Thursday May 12, 2022 @08:45AM (#31353231)
I don't have much understanding about Tether/Crypto.

You can go to Tether and they will give you 1 dollar for 1 USDT?

Then, who was selling 1 USDT for $0.95 ? Why didn't those people juts go to Tether and get 1 dollar for 1 USDT?

[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by dagw on Thursday May 12, 2022 @08:52AM (#31353336)
From Tether's homepage:

"verified customers (in allowed jurisdictions) are able to redeem USDt on Tether.to for USD$1."

A lot of people aren't "verified customers" in "allowed jurisdictions".

[ Parent | on HN ]