Im on the newer side to crypto, just want to say that first.
Tether always stays between .99 and 1.01. How, I dont know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?
I think that was made for that. As I say even before, it is like an escape pod for traders. There may be a lot of whales by now that are getting richer. Thanks to Tether.
I do not really agree with that project. It takes off the market that was done before.
They do buy altcoins to during bitcoin dump and now they wont need to.
So what happens? Bitcoin down, altcoins down. It became somehow predictable. Now they will withdraw both bitcoin and altcoin to one token named Tether. That is why it is always full.