HanShan on Nostr: all those trades follow the relative USD price of each asset. if they deviate from ...
all those trades follow the relative USD price of each asset.
if they deviate from that ratio (and they do sometimes) a million bots jump into the arbitrage opportunity for free fiat.
and push the price back towards the equation above.
that's what USD being the Unit of Account and "most saleable asset" means.
Published at
2025-02-17 16:46:51Event JSON
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