Hacker News Reader

> As bitcoin falls, the demand for Tethers goes up.

Or maybe people want USD, but the exchange forces them to go through Tether to get there. So there'll be a brief demand for Tethers, then a big selloff of Tether for USD.

View on HN

Yes, that's what I meant by "demand for tethers go up". Although at present, there are only two exchanges that offer Tethers/USD market (Kraken & Bitfinex). Eventually, majority of those holding Tether will probably get back in to crypto. Indeed, holding Tethers could be risky, especially if the peg brakes, there are no guarantees that it will always be stable.

Reply on news.ycombinator.com