Tether is a trading instrument, so it is directly turned over for trades every day. It's more like the Dollar itself - not really a fair comparison tbh.
Right. So that brings me to my next question.. How on earth were they planning to stabilise SBD? Trying to mimic the USDT, except the one is a trading instrument, and the other is a straight-up crypto currency. LOL.
Just my opinion, but how can anyone tell that it would be back at $1..
Tether is a trading instrument, so it is directly turned over for trades every day. It's more like the Dollar itself - not really a fair comparison tbh.
Right. So that brings me to my next question.. How on earth were they planning to stabilise SBD? Trying to mimic the USDT, except the one is a trading instrument, and the other is a straight-up crypto currency. LOL.
Just my opinion, but how can anyone tell that it would be back at $1..
A two way conversion would get it back very quickly, as arbitrage would ensure it.