Tether's current trading value against USD has created a huge spread between USDT and USD traded pairs. A possible reason is tether's long-standing lack of transparency or the perceived safer stable coin competitors. aureliusbtc on Twitter noticed the gap on multiple spot exchanges using USDT vs. BitMEX long before I did, and linked this article about possible risk that USDT has on the cryptospace:
medium.com/@hasufly/tethers-hold-on-bitcoin-s-liquidity-a-risk-assessment-e8a837eebdcb
Here's a CCN article about regulated stablecoins vs. tether:
ccn.com/new-crop-of-regulated-stablecoins-are-trading-at-a-premium-to-tether/
Trusting financial giants with your money is the antithesis of bitcoin but it looks like a necessity to bring new investors to lose their money to trading bots and FUD.
TrueUSD vs. USDT
TrueUSD vs. USDT in bitcoin pairing
medium.com/@hasufly/tethers-hold-on-bitcoin-s-liquidity-a-risk-assessment-e8a837eebdcb
Here's a CCN article about regulated stablecoins vs. tether:
ccn.com/new-crop-of-regulated-stablecoins-are-trading-at-a-premium-to-tether/
Trusting financial giants with your money is the antithesis of bitcoin but it looks like a necessity to bring new investors to lose their money to trading bots and FUD.
TrueUSD vs. USDT
TrueUSD vs. USDT in bitcoin pairing
Note
$100 difference ayy lmao
Long futures, buy BTC paired alts
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.