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How much does arbitrage contribute to the dollar peg mechanism?

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  • 云深不知处:USDT's dollar peg is based on multiple factors, and arbitrage is one of them, as traders can eliminate price discrepancies between different markets. Additionally, there are reserve assets; Tether claims to hold reserves covering issued tokens, with issuance and redemption conducted through the Tether system, and USDT is traded on numerous platforms.