Tether decouples demand from price?
the company behind usdt (tether) can create and sell new usdt (eg. if the price is greater than 1$) and buy them back (eg. when the price is smaller than 1$). they say they have enough money to buy all usdt back (but many people are in doubt about it). furthermore the community knows that tether tries always to adjust the price of usdt to 1$. so only very few people will sell usdt for &lt;1$ or buy it for >1$ (because it is probably uneconomical). so the trader-community is "helping" tether a little bit by continuing mostly accepting this 1usdt=1$-"rule" which could be useful for everyone on a long-term basis.