Tether discount creating artificial premium between USDT & USD
Updated
Tether's current trading value against USD has created a huge spread between USDT and USD traded pairs. A possible reason is tether's long-standing lack of transparency or the perceived safer stable coin competitors. aureliusbtc on Twitter noticed the gap on multiple spot exchanges using USDT vs. BitMEX long before I did, and linked this article about possible risk that USDT has on the cryptospace:
medium.com/@hasufly/tethers-hold-on-bitcoin-s-liquidity-a-risk-assessment-e8a837eebdcb
Here's a CCN article about regulated stablecoins vs. tether:
ccn.com/new-crop-of-regulated-stablecoins-are-trading-at-a-premium-to-tether/
Trusting financial giants with your money is the antithesis of bitcoin but it looks like a necessity to bring new investors to lose their money to trading bots and FUD.
TrueUSD vs. USDT
TrueUSD vs. USDT in bitcoin pairing
medium.com/@hasufly/tethers-hold-on-bitcoin-s-liquidity-a-risk-assessment-e8a837eebdcb
Here's a CCN article about regulated stablecoins vs. tether:
ccn.com/new-crop-of-regulated-stablecoins-are-trading-at-a-premium-to-tether/
Trusting financial giants with your money is the antithesis of bitcoin but it looks like a necessity to bring new investors to lose their money to trading bots and FUD.
TrueUSD vs. USDT
TrueUSD vs. USDT in bitcoin pairing
Comment
$100 difference ayy lmao
Long futures, buy BTC paired alts
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