Post
Topic
Board Altcoin Discussion
Topic OP
How exactly does Tether work?
by
Rockie1234
on 28/07/2019, 10:46:04 UTC
Let's say there's a big bear market and everyone is selling their Tethers on an exchange like Bitfinex. I understand it is pegged to the dollar, but what happens if the price of Tether goes too high or too low above/below $1? Is there some mechanism that corrects the situation?