Crypto Markets Roiled as Traders Question Tether's Dollar Peg

​ Traders are increasingly questioning their faith in the cryptocurrency world’s most important dollar peg. Tether, the digital coin used as a substitute for the U.S. currency on crypto markets around the world, has broken its historically tight link with the greenback. It recently traded for about 95 cents on U.S.-based exchange Kraken, while transactions on Binance, one of the world’s most active Tether venues, implied a price of about 96 cents, according to CoinMarketCap.com. That’s a tiny move relative to other cryptocurrencies and not unprecedented for Tether, but it’s... READ MORE... submitted by /u/fraer8558 [link] [comments]

source https://www.reddit.com/r/btc/comments/9oanoj/crypto_markets_roiled_as_traders_question_tethers/