As you know, after the jump, which was a couple of weeks ago, Tether was trading in tandem with the US dollar at a big discount. It was a question that worried many (to put it mildly) who would be passionate about space or investing in it. The logical decision was to compensate Tether on the exchanges that traded in tandem with him. So, Bitfinex and Binance bitcoin correction for 2 weeks was about 6%, while at Coinbase - the largest fiatnoy stock exchange only slightly more than 1%.
It was Tether's compensation time to restore the liquidity of the couples and settle all the questions that had arisen. As soon as this happened, we already saw a general correction for both markets (fiat US dollar and Teter) of 3% in one day. This shows that markets took time to recover and move on to further reductions without the risk of disrupting the main support levels for the exchanges that sell Tether, which is the most healthy movement in the current situation. It would be much worse to see the prices for Coinbase 6300 in the first days of the correction, then for Beatfex and Binanse the price would have gone to 6000 with a high probability to break support in a burst of general panic.
Everything that happens shows us that the big players are interested in a healthy space and are ready to take decisive measures in order to preserve the liquidity of their pairs and eliminate errors in the discounting of Tether.
It was Tether's compensation time to restore the liquidity of the couples and settle all the questions that had arisen. As soon as this happened, we already saw a general correction for both markets (fiat US dollar and Teter) of 3% in one day. This shows that markets took time to recover and move on to further reductions without the risk of disrupting the main support levels for the exchanges that sell Tether, which is the most healthy movement in the current situation. It would be much worse to see the prices for Coinbase 6300 in the first days of the correction, then for Beatfex and Binanse the price would have gone to 6000 with a high probability to break support in a burst of general panic.
Everything that happens shows us that the big players are interested in a healthy space and are ready to take decisive measures in order to preserve the liquidity of their pairs and eliminate errors in the discounting of Tether.
