the entire cryptocurrency economy relies on tethers being valued at par, given that they're how billions of dollars of liquidity are denominated.
source https://www.google.com/url?rct=j&sa=t&url=https://news.ycombinator.com/item%3Fid%3D19755785&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNGKzLCuwBIwP6CI-_VXMNFTQH0GEw