Will Tether trade for less than 0.8 USD before August 2024 on Kraken?
25
1kṀ8065
resolved Aug 9
Resolved
NO

I will use this market https://www.kraken.com/en-gb/prices/tether

Historical price can be seen here: https://cryptowat.ch/charts/KRAKEN:USDT-USD

Question will resolve on 1st August 2024.

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10mo

@xolith looks like this resolves NO?

10mo

@xolith

10mo

@xolith

10mo

@mods inactive creator, can resolve

1y

I can't get historical data without signing up for Kraken, so I use this:

Tether USDt USD (USDT-USD) Stock Historical Prices & Data - Yahoo Finance

Things may happen to break Tether:

Tether and sanctions: what’s coming for Paolo’s beautiful launderette – Amy Castor

But an extrapolation says NO:

0 2024-06-01 0.999406

1 2024-06-02 0.999206

2 2024-06-03 0.999078

3 2024-06-04 0.998988

4 2024-06-05 0.998935

57 2024-07-28 0.999127

58 2024-07-29 0.999106

59 2024-07-30 0.999031

60 2024-07-31 0.998890

61 2024-08-01 0.998919

predictedYES 1y

https://www.coindesk.com/markets/2023/08/03/traders-ditch-usdt-on-curve-uniswap-pushing-key-exchange-pools-into-imbalance/

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance
Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

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