Hacker News new | ask | show | jobs
by heptathorp 3124 days ago
Can anyone explain how this "arbitraged feedback loop" allegedly works? Arbitrage causes prices to converge, not spiral up or down.
1 comments
goialoq 3124 days ago
Tether artificially inflates the price of tether to $1. It's "tethered"
link
heptathorp 3124 days ago
The claim is this phenomenon exists even without printing unbacked tethers.

> Even IF Tether is NOT running a fraud

link