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0 pointsthebean113y ago0 comments

Or is being 0.1% below peg causing large redemptions? People buying USDT at a discount and redeeming at face value.

0 comments

Thats why breaking the peg is so bad. Its a visious cycle so both are correct.

No it's not..people buying in order to redeem brings the price closer to the peg, not further away.

j / k navigate · click thread line to collapse

Thats why breaking the peg is so bad. Its a visious cycle so both are correct.

No it's not..people buying in order to redeem brings the price closer to the peg, not further away.

j / k navigate · click thread line to collapse