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A comment on Tether USDT is depegging from dollar. Parent comment

Re:Tether USDT is depegging from dollar by peteradio on Thursday November 10, 2022 @07:58AM (#33545781)
Wonder if its a friction thing. Do you have to setup a special account to redeem on the primary channel?
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Re:Tether USDT is depegging from dollar by pjc50 on Thursday November 10, 2022 @08:07AM (#33545844)
The "official" channel has a MOQ of $100,000: https://tether.to/en/fees/

There is a huge amount of friction. It's not clear whether they run market-maker operations to pick up the spread between Tether and $1. As always, the question is what actual assets Tether has to meet its claims.

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Re:Tether USDT is depegging from dollar by benaadams on Thursday November 10, 2022 @08:28AM (#33546080)
Alameda Research (re: FTX exchange) normally makes a ton of money doing the arbitrage between dollars and tether but its having liquidity problems, so not doing it currently.
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Re:Tether USDT is depegging from dollar by rosnd on Thursday November 10, 2022 @08:27AM (#33546065)
> It's not clear whether they run market-maker operations to pick up the spread between Tether and $1.

Of course they do.

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