/biz/ - Business & Finance

>>30432154
>Assuming 1 RSV is redeemable for $1 worth of assets there’s no logical reason why anybody would ever buy RSV for above a dollar. It’s a losing trade, it has no basis in game theory.

USDC, DAI, USDT, etc. all have volatility (pic related). That doesn't mean demand suddenly stops as soon as price is slightly over 1$. If the peg went way over 1$ then demand would surely diminish, but at that point there would be an incentive to sell for a profit until the price is back to peg. This should be simple to understand for an "actual economist".