Tethers drop below $1

in DLIKE4 years ago

That pesky stable peg remains elusive for even the best peggers

The peg to $1 for tethers has been pretty easy for some time now.

In fact has been trading for slightly over a dollar for some time now.

However, now it has dipped below a dollar for the longest period in months:

image.png

(Source: https://www.coindesk.com/bitcoin-demand-pushes-tether-below-1-for-longest-stretch-since-march)

Look at the chart though, we are talking about fractions of pennies here.

Nothing like our stable coin which rarely is worth a dollar but instead usually 3-5% off.

Which is unacceptable by the way.

We need a better stable coin pegging stystem.

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