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grapehut
on May 20, 2022
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Tether Required Recapitalization in May 2022
The large redemptions are what is causing them to be 0.1% off the peg...
thebean11
on May 20, 2022
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Or is being 0.1% below peg causing large redemptions? People buying USDT at a discount and redeeming at face value.
kasey_junk
on May 20, 2022
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Thats why breaking the peg is so bad. Its a visious cycle so both are correct.
thebean11
on May 20, 2022
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No it's not..people buying in order to redeem brings the price closer to the peg, not further away.
graeme
on May 21, 2022
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Definitely. But a lot of people have looked at the small depeg and said “it’s not big, and they’ve depegged in the past. What’s the issue?”
It’s seeing the redemptions that show it is significant
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