So you can only ever trade in a USDT for 1USD, so it can't be worth more than 1USD. It won't be worth less either, otherwise you can buy then for less than 1 USD and sell them for 1USD. I think that is how it works.
that's the idea in theory but it's slipping from $1. Now it's 95.5c. it's caught up in the same banking problem that bitfinex has as far as i know. without operational banking it's not gonna be very functional.
That's odd. On coinmarketcap it still says it's worth about $0.999. On most exchanges except Kraken it's still worth very close to a US dollar (Poloniex price $0.998). On all of the most traded pairs it's up there still. Their funding problem could cause issues in the future, but I don't know what's going on with Kraken.
jesuit freaky Mice!
someone actually investigated these claims
for some reason only Krak has this 'issue'
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The peg is not a difficult problem.
Again the exchanges need to underwrite a
common token(s) of fiat fixed value.
They are signaling $TET (omni platform) as their preferred choice.
IMO ... not to sure if I have full faith in anything Brock 'Cheese Pizza' Lover touchesThere likely will be some slippage in the 24/7 markets ...
BUT ... here's the key idea ...
The exchanges, and VIPs can go to the issue'r, a clearing house, and get $0.99999999 at fixed windows of withdraw.
This is central banker 101.
It is easy to do.
The slippage can be fixed 'in House' by setting a fixed rates of:
$0.99999 of
BTC at next 12pm payout 48hrs from now
$0.99991 of
BTC at next 12pm payout 24hrs from now
$0.99911 of
BTC at next 12hrs payout
$0.99111 of
BTC at next 6hrs payout
$0.98000 of
BTC at next 3hrs payout
$0.97500 of
BTC at next 2hrs payout
@spot right this instant