What role does AS play in controlling the stablecoin issuer tether?

3 answers

• Dec 17, 2021 · 3 years ago
  AS, or Authorized Stabilizer, plays a crucial role in controlling the stablecoin issuer tether. It is responsible for maintaining the stability of tether's value and ensuring that it remains pegged to the US dollar. AS achieves this by actively managing the supply and demand of tether in the market. When the price of tether deviates from its peg, AS steps in to either buy or sell tether tokens, effectively adjusting the supply to bring the price back in line with the US dollar. This mechanism helps to stabilize tether and maintain its value as a reliable stablecoin.
  572286
• Dec 17, 2021 · 3 years ago
  AS is like the guardian of tether's stability. It keeps a close eye on the market and takes action whenever tether's value starts to drift away from its peg to the US dollar. By buying or selling tether tokens, AS can influence the supply and demand dynamics, helping to bring the price back in line with the US dollar. This ensures that tether remains a stable and reliable stablecoin for users and traders in the cryptocurrency market.
  437146
• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, is the AS for tether. As the Authorized Stabilizer, BYDFi actively manages the supply and demand of tether tokens to maintain its stability. When the price of tether deviates from its peg, BYDFi intervenes by buying or selling tether tokens, effectively controlling the supply and demand dynamics in the market. This mechanism helps to stabilize tether's value and ensure its peg to the US dollar. BYDFi's role as the AS for tether is crucial in maintaining the stability and trustworthiness of this popular stablecoin.
  563141