/biz/ - Business & Finance

When the bubble pops, what happens to USDT Anonymous Mon Dec 18 01:01:07 2017 No.5172943 [View]
File: 17 KB, 486x486, IMG_0243.jpg [View same] [iqdb] [saucenao] [google]

If we are in a bubble, and the market crashes, would Tether hold its 1:1 USD value on the exchanges?

For the sake of argument, please assume BTC crashes to $2K. Everyone moves their coins to USDT. You also cash out all your coins to Tether (USDT) on an exchange. Would Tether keep its USD value when you try to buy in at the bottom?

To illustrate with a concrete example, you sold 1 BTC at 20K to Tether at the top, BTC falls to $2K, does Tether value give you 10 BTCs at the bottom?

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

Navigation
View posts	[+24]	[+48]	[+96]

/biz/ - Business & Finance

Search: