Why tether was traded below $1 for quite a while now? In case if there would be sudden money influx into tether and therefore tether price will spike and btc price will drop. Tether company, I don't care who they are really, if they are in it for the profit, they don't want bitcoin price to drop.
If tether algorithm does not allow to adjust quickly on the fly, they better keep tether always a bit lower than 1 USD. Even if it does allow quick adjustments, it does not matter. It's not some collapse, it just works as planned.
If tether algorithm does not allow to adjust quickly on the fly, they better keep tether always a bit lower than 1 USD. Even if it does allow quick adjustments, it does not matter. It's not some collapse, it just works as planned.