Will Tether depeg even slightly again by the end of 2022?
Crypto Pricesβ€’Stablecoins
40
72
αΉ€902
resolved Jan 1
Resolved
NO
This resolves yes if the closing price for Tether listed by https://coinmarketcap.com/currencies/tether/historical-data/ is ever less than $0.9900 in USD for any date in 2022 after June 1st.
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bought αΉ€10 of YES

We're coming up on the end of the year, so I made one for 2023.

bought αΉ€1,000 of YES

Shooooot, I misread the resolution criteria. I didn't realize it had to CLOSE. It dipped below 0.9886 for sure.

https://coinmarketcap.com/currencies/tether/

Arbitrage opportunity https://manifold.markets/TimP/will-tether-usdt-fall-below-98-cent-b8d3236d24aa

Price dropped below 99 cents this morning, but was back above before the end of the day, so the closing price has not gone below yet.

May 12, 2022 $0.9959 $0.9977 $0.9485 $0.9976 Close price UTC is usually not the low.
(Date Open* High Low Close** )
bought αΉ€50 of NO
(Date of UST collapse where depegged to 95-97 for a few hours of very easy profit)
bought αΉ€25 of NO
Aka hasn’t happened since Mar 2020, would take something more serious than Luna, eg major exchanges going under
predicted YES
99 cents depegs happens with stables. Seems likely that it will happen even under normal market conditions.
sold αΉ€21 of YES
Actually, it's only happened twice in the last 2 years. I'm betting heavy on No.
bought αΉ€50 of YES
https://www.wsj.com/articles/more-hedge-funds-are-betting-against-tether-as-crypto-melts-down-11656322200

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