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A comment on Tether Required Recapitalization in May 2022. Parent comment

Re:Tether Required Recapitalization in May 2022 by thebean11 on Friday May 20, 2022 @01:01PM (#31450056)
Or is being 0.1% below peg causing large redemptions? People buying USDT at a discount and redeeming at face value.
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Re:Tether Required Recapitalization in May 2022 by kasey_junk on Friday May 20, 2022 @01:28PM (#31450339)
Thats why breaking the peg is so bad. Its a visious cycle so both are correct.
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Re:Tether Required Recapitalization in May 2022 by thebean11 on Friday May 20, 2022 @02:17PM (#31450804)
No it's not..people buying in order to redeem brings the price closer to the peg, not further away.
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