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0 pointsdannyw3y ago0 comments

Tether has successfully maintained its peg for nearly 10 years now, despite being an enemy of the US government. That is actually an incredible achievement.

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simmerup3y ago

It helps that you can only turn it into real money in 100k chunks.

drexlspivey3y ago

You can turn it into real money in any amount by selling it on the market. Market makers will handle the “100k chunks” problem for you.

simmerup3y ago

Exactly. It’s a neat way to prevent a run, especially if the market makers are acting in cahoots.

j / k navigate · click thread line to collapse

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simmerup3y ago

It helps that you can only turn it into real money in 100k chunks.

drexlspivey3y ago

You can turn it into real money in any amount by selling it on the market. Market makers will handle the “100k chunks” problem for you.

simmerup3y ago

Exactly. It’s a neat way to prevent a run, especially if the market makers are acting in cahoots.

j / k navigate · click thread line to collapse