Btc tether

btc tether

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Arbitrators need a way to transfer USD denominated amounts between exchanges to operate. The only reason Tether is worth a dollar at this point is because the Tether denominated Exchanges say it is worth a dollar. Exceptions to these provisions may be made by Tether, in its sole discretion, for entities that are: Established or organized outside of the United States or its territorial or insular possessions; and, Eligible Contract Participants pursuant to U. But why should you care about these fringe exchanges when a you know they are not trustworthy and b there are decentralized alternatives where you can trade pretty much any token you'd like to hold? If Tether starts to deviate significantly from the 1USD peg, a liquidity crisis cuold be triggered.