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by yieldcrv
1195 days ago
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I don’t find market making or liquidity providing to be controversial it still requires capital from their reserves to do what you describe, purchasing USDT for $1 each the redemption mechanism is an incentive on its own. when Tether is below $1 purchase it yourself (pushing up the price of Tether) and go to the redemption window and get $1 for it regardless. |
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