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« on: November 23, 2017, 10:57:58 am »
Hi,
More newbie questions. Despite this week's Tether news, I've noticed that Tether volumes remain strong. Despite bitUSD's obvious advantages over Tether, I think it's clear that the market values the fact that USDT/USD usually trades very close to 1:1 (until it spectacularly blows up in the future, but that's for another topic).
If I wanted to back the peg and maintain bitUSD/USD near 1:1 (with my own funds, for example), how would I trade this pair? I can deposit fiat USD via OpenLedger, but from what I can see, I pretty much have to buy BTS in order to trade BitUSD. Is there no way to trade bitUSD/open.USD? The same question applies for bitEUR and bitCNY. I think there's an obvious opportunity to allow speculators to help maintain the peg. Cheers.