In theory unaudited fiat backed stablecoins should trade at less than the fiat currency because there is credit risk. However Tether hasn't really traded much below, which points to two possible reasons, there were other ways investors have assessed the credit risk, or they value at a premium the liquidity convenience of tether being a crypto currency. I would expect it's probably the second reason, so should we expect it to trade slightly above fiat if the credit risk is addressed by audit?

Posted Using LeoFinance ^Beta