Re:Tether USDT is depegging from dollar
by mughinn on Thursday November 10, 2022 @07:51AM
(#33545705)
You technically can trade your USDT for 1 dollar to the issuer (I don't know how, but it is probably harder than just going to market and selling)
But this is people buying and selling their USDT, in a market, they can try to sell for a any price and if there is a lot of people trying to sell and not so much trying to buy, it naturally goes down in price
This variation though, while large, isn't that uncommon AFAIK
But this is people buying and selling their USDT, in a market, they can try to sell for a any price and if there is a lot of people trying to sell and not so much trying to buy, it naturally goes down in price
This variation though, while large, isn't that uncommon AFAIK