The $1 dollar backed tether (USDT) is now worth less than 97 cents.

This is about price but of a different thing. People are willing to sell USDT for below $ 1. They would rather hold "actual real money"TM rather than bitcoins or so called stablecoins. This is telling. If someone wanted to exit USDT why don't they just buy bitcoin or any coin for that matter instead of selling USDT at a loss?

https://cryptowat.ch/markets/kraken/usdt/usd/5m

submitted by /u/i_gotta_say
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