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?
as a complainant of the bittrex, the tether has his own account where 1USDT is provided with 1 dollar, if everyone demands nahad dollars to everyone and gives out, the second question is that they have it on paper, and the investigation is underway SEC