[dannyw]

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.

[simmerup]

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

[drexlspivey]

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.

[simmerup]

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