A number of news stories are circulating these days regarding the depeg of Tether’s stablecoin from the dollar. These are fundamentally fake news, probably put out there to try to create panic, or to get readers’ attention.
Arbitrage on the stablecoin Tether
USDT is a stablecoin issued by Tether that is fully collateralized in US dollars (USD).
In theory, its market value should always remain around $1, because Tether is willing to return $1 to anyone who is willing to redeem $1 USDT.
The reality, however, is slightly different, simply because the various markets on which USDT is traded are not connected to each other, and Tether has a firsthand presence only on the crypto exchange Bitfinex, which belongs to the same corporate group (iFinex).
Therefore it may happen that on some isolated markets at a certain precise moment there is a sharp increase in selling pressure, without an equally sharp increase in buying pressure. However, when there are investors who are ready t
We współpracy z: https://en.cryptonomist.ch/2023/01/04/fake-news-tether-stablecoin/
