CTO of Tether explains the most recent depegging incident from USDT on Binance.Us

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Der Cheftechnologe von Tether, Paolo Ardoino, hat den jüngsten Vorfall des Depegging von USDT, dem größten Stablecoin der Welt nach Marktkapitalisierung, näher erläutert. Am Wochenende verlor der Stablecoin USDT für kurze Zeit seine Bindung an den Dollar und der Preis fiel auf der Börse Binance.US auf bis zu 0,94 $. Ardoino stellt jedoch klar, dass der Stablecoin nie wirklich seine Bindung verloren hat. Er führt die Preisdifferenz auf Liquiditätsprobleme bei Binance.US zurück und betont, dass dies nichts mit der Stabilität von USDT selbst zu tun hat. Ardoino erläutert, dass Binance.US derzeit Schwierigkeiten hat, ausreichend Market Maker zu finden. Dies ist …
The chief technologist of Tether, Paolo Ardoinino, has explained the most recent incident of Usdt's depegging, the world's largest stable coin after market capitalization. At the weekend, the StableCoin Usdt lost its bond with the dollar for a short time and the price fell on the Binance stock exchange. However, Ardoinino makes it clear that the stable coin has never really lost its bond. He leads the price difference to liquidity problems at Binance.Us back and emphasizes that this has nothing to do with the stability of USDT itself. Ardoino explains that Binance.Us currently have difficulty finding enough market maker. This is … (Symbolbild/KNAT)

The chief technologist of Tether, Paolo Ardoinino, has explained the latest incident of Usdt's depegging, the world's largest stable coin after market capitalization.

At the weekend, the StableCoin USDT lost its bond with the dollar for a short time and the price fell on the Binance stock exchange. However, Ardoinino makes it clear that the stable coin has never really lost its bond. He leads the price difference to liquidity problems at Binance.Us back and emphasizes that this has nothing to do with the stability of USDT itself.

ardoinino explains that Binance .us currently has difficulty finding enough market maker. This is a result of the continuing legal problems of the stock exchange, which affect market liquidity and lead to increased volatility.

Some people have interpreted the lower commercial value of USDT at Binance. However, Ardoinino provides some important facts to clarify this misunderstanding:

1. Binance.us has limited market maker for arbitrage due to its legal challenges. Usdt is slightly traded over the dollar on binance.com.
2. Tether keeps control of his primary market (tether.to), while the responsibility for market making on the secondary sleeves (crypto bonds) is located in arbitrage and market experts.
3. On binance.Us the trading pair BTC /USD is rated $ 2 $ 2 $ 2 $ 30,100 on other stock exchanges.
4. The range between the different platforms is apparently about 8 %.
5. This range does not indicate a global loss of value from BTC. Similar considerations can be made for USDT.
6. The calculation of the percentage spread for BTC/USD and USD/USD would lead to a similar result.

In addition, Binance is currently in a legal dispute with the U.S. Securities and Exchange Commission (SEC) to prevent the supervisory authority from confiscating its assets. The SEC filed a lawsuit against the crypto tour last month, in which it accuses the sale of non -registered securities.

It is important to note that the incident at USDT was not a detention event, but is due to the specific circumstances at Binance.Us. Tether emphasizes that Usdt is still stable and maintains his bond with the dollar.