Quote from: lobo13hf on March 09, 2021, 11:48:09 PM

Quote from: TheWolf666 on March 09, 2021, 09:48:21 PM

I have read the USDT smart contract and there is no price re-adjustment. Only some management functions like blacklist addresses burn cash and of course the basic ERC20 functions.
But how do they re-adjust the price to be 'stable'
Is it done from outside?
Then do they have to do it for each exchange, using the exchange API?

More info is welcome!

It's done from the outside dude, the reserved fund is something that will re-adjust the price and smartcontract plays nothing in this case. People will believe re-adjustment based on the reserved funds rather than the code. Remember that if the code will not be affecting the market but it can only re-adjusting the total supply like rebase toke.
The demand will be helping to re-adjust it based on the reserved fund that owned by the company. You will find nothing about this on the smartcontract.

So the steady price is held by outside backup funds hmm, on average people think that like other asset based projects like gold, silver, diamonds and the like they say that the assets are based on the original backup of the supply of each commodity.