Or is being 0.1% below peg causing large redemptions? People buying USDT at a di... | Hacker News

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		thebean11 on May 20, 2022 \| parent \| context \| favorite \| on: Tether Required Recapitalization in May 2022 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 [–]

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

thebean11 on May 20, 2022 | [–]

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

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