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Re:Tether Required Recapitalization in May 2022 by SilasX on Friday May 20, 2022 @01:58PM (#31450622)
That’s the point. Dai goes below and above $1. Tether has stuck below $1. That’s an important difference.

Longer comment: https://news.ycombinator.com/item?id=31449400

Re:Tether Required Recapitalization in May 2022 by retcon on Friday May 20, 2022 @02:53PM (#31451181)
This might be fine in a open regulated market. See my above comment.