On: Tether is starting to depeg from USD again

[nix0n]

Departing from crypto is generally done in two steps, first convert from speculative to stable then convert from stable to fiat.

If some exchanges are making the second step much harder than the first, then a lot of people attempting to depart crypto could have the effect that we're seeing.

[nuclearnice1 → nix0n]

Sounds plausible

To elaborate tether is making the switch to dollars harder so people are preferring other stable coins?

[nix0n → nuclearnice1]

No, I think the prices are going up because that's where the money gets stuck.

People don't want stable coins, or any coins, they want fiat (they got into unstable coins as a way to get more fiat).