/biz/ - Business & Finance

I was monitoring Bittrex and saw the exchange added TrueUSD a little while back in a move to step away from Tether with all the shady shit going down. Bittrex has the option to trade between USDT and TUSD, in which both coins are hard pegged to the dollar.

However, both coins aren't truly worth $1 exactly when traded and deviate 1%-2% above and below the $1 mark. When you buy TUSD with USDT at say $0.99, you're essentially buying dollars with dollars at $0.99 on the dollar and realize a profit of 1% minus exchange fees. Same concept when selling above the $1 mark.

Don't know how many of you know this but it's pretty much a risk free investment with the coins averaging $1 in the long-run. The profit margin is small, but could add up over time doing enough trades with enough money.

>>8882102