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0 sats \ 2 replies \ @cryptocoin 20 Dec 2022
So if a person sold 1 BTC at "$24K", they'ld have 24,000 USDN, which are worth about $0.58 each at the time the article was written. Which means BTC was actually trading at ~$14K, not $24K as the title of the article.
And since the USD/USDN price has dropped further, to $0.55, the value of that 24,000 USDN has dropped 5% and is now worth just $13,200 USD.
https://coinmarketcap.com/currencies/neutrino-usd
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25 sats \ 1 reply \ @rujgev OP 20 Dec 2022
It was the BTC/USDT pair - https://waves.exchange/trading/spot/BTC_USDT
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0 sats \ 0 replies \ @cryptocoin 20 Dec 2022
I stand corrected, thank you for that.
So people weren't able to withdraw (or would be delayed in attempting to withdraw) the USDT, so that's why they wanted the BTC, even if that meant paying a 33% premium?
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