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RE: A public letter to poloniex: could you please list BTS at USDT market?

in #bitshares7 years ago

We really need to be encouraging exchanges that list BTS to be adding bitUSD, bitCNY, and Hero paired with USD/USDT/CNY. There is no logical reason for USDT to have such an enormous market cap when bitUSD has much better fundamentals.

The listing of bitUSD on exchanges would allow for interexchange arbitrage (a role currently being filled by USDT), which would increase demand for bitUSD (and thus BTS) from traders looking to make money on arbitrage without necessarily requiring them to understand the mechanics behind price-stable smartcoins.

bitUSD:USD pairs, and similar, should also increase liquidity on the DEX because savvy traders will rush to fill demand for bitAssets by borrowing more of it into existence.