Tether

m22au said:
Tether now at $1.04 according to Worldcoinindex,
https://www.worldcoinindex.com/coin/tether

and $1.07 at Coinmarketcap
https://coinmarketcap.com/currencies/tether/

This is weird.

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I think I understand this more now. It can be a proxy for exchange instability. When your exchange keeps going down, you will want to move funds to another place. You can use LTC/BTC/BCH or Tether to do so. A lot of people will prefer tether because its more stable and carry little price risk short-term. Hence they push up the price to make these transfers
 
m22au said:
Looks like an important low of $0.9806 was reached on November 28, according to https://www.worldcoinindex.com/coin/tether

If Tether breaks below $0.9800 then I'll be watching the Bitcoin price with even more interest - especially if the Bitfinex price moves to a large premium or discount to other exchanges.

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It looks like Tether reached a low of 0.9730 according to Yahoo Finance (https://finance.yahoo.com/quote/USDT-USD?p=USDT-USD) and 0.9771 according to Worldcoinindex (https://www.worldcoinindex.com/coin/tether).

Bitcoin at Bitfinex $15,402 versus $15,530 at Bitstamp. So no big discount at Bitfinex so far.

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"Tether Confirms Its Relationship With Auditor Has 'Dissolved'"
https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/
Jan 27, 2018 at 23:43 UTC

"We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success."
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