Market question: Will $USDT depeg by August 31?
Category: Other
Tags: All

This market will resolve to “Yes” immediately if all Coinbase 1 minute candles for USDT-USD for any 24 hour period are below 98 cents, for candles between 04 Aug '23 12:00 and 31 Aug '23 23:59 in the ET timezone. Otherwise, this market will resolve to “No”.

Below 98 cents means all candles in the period have a final “High” price below 0.98000 (i.e. 0.97999 or lower). A 24h period of USDT below 98 cents that starts on the last day will count (e.g. 31 Aug '23 22:00 to 01 Sep '23 22:00).

The resolution source for this market is https://www.coinbase.com/, specifically the USDT-USD “High” prices currently available at https://www.coinbase.com/advanced-trade/USDT-USD with “1m” and “Candles” selected on the top bar. To see the “High” prices, mouse over particular candles and look at the value after “H” at the top of the chart.

Please note that this market is about the price according to Coinbase USDT-USD. If Coinbase stops having the necessary USDT information to resolve this market, a consensus of credible sources for whether USDT was below 98 cents for 24h+ may be used to resolve this market.

Outcome: No