This website is tracking the instability of stablecoin Tether

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This website is tracking the instability of stablecoin Tether
By David Canellis

The cryptocurrency sector has grown anxious over a market reliance on controversial “stablecoin” Tether (USDT), after its value dropped well below its supposedly pegged price of $1. In fact, the market is so concerned with the risks associated with USDT that a “Tether premium” has formed on the cryptocurrency exchanges still using it. Stablecoins like USDT are supposed to be equally valued and completely interchangable with the US dollar. But as the value of USDT has become increasingly unreliable, concerned community members have built a handy website to track this discrepancy, which it represents as a “risk premium”. It automatically…

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October 16, 2018 at 06:57PM
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