Tether bent out of shape
Updated
Who says tether is boring?
I only noticed this because I had TUSDBTC orders filling at about the equivalent of $5900 per BTC, when the BTC/USD price struck down below $7000. It was to my advantage because I was selling TUSD, but this still had me perplexed.
Turns out after bit of head-scratching that TUSDT spiked up to 124% the USDT value, and even now it's sitting at above 110% of the dollar value.
It might be useful to keep this in mind because you could win or lose on standing orders when tether reality bends on massive spikes and dumps
I only noticed this because I had TUSDBTC orders filling at about the equivalent of $5900 per BTC, when the BTC/USD price struck down below $7000. It was to my advantage because I was selling TUSD, but this still had me perplexed.
Turns out after bit of head-scratching that TUSDT spiked up to 124% the USDT value, and even now it's sitting at above 110% of the dollar value.
It might be useful to keep this in mind because you could win or lose on standing orders when tether reality bends on massive spikes and dumps
Note
Oh, I guess I should say what I'm hinting at... I you wanted to buy bitcoin at this stage, you will be getting a 10% premium if you are selling TUSDNote
... And you believe that USDT will correct.
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