Disclaimer: First of all the following should not be taken as financial advice. What I have written below is just personal opinion and not meant for anyone to follow. I am not qualified to give financial advice.
Tethers (USDT) is a cryptocurrency which has been created and marketed as being pegged to the USD at 1:1. However recently there is an issue with their bank accounts preventing international wire transfers. This issue does not apply to Taiwan bank accounts however.
There is an arbitrage opportunity play here.
These banking issues has caused the USDT to be unpegged from the USD. It has been trading on the Kraken exchange at ~$0.92 USD.
So what does this really mean?
Theoretically it is now possible to buy USDT on Kraken for ~$0.92 USD. If you have a bank account in Taiwan you can transfer the USDT out at $1 USD making yourself 8 cents on the dollar. Another option is to buy and hold. Hope it soon goes back to 1:1. Cash out when Tethers sort out their banking issues.
Here is the official announcement from Tethers:
Risks
Tether have shown transparency of their reserves that they hold USD $62,463,999.48. This is a surplus compared to the 62,151,508 USDT in circulation shown on coinmarketcap. You would take the risk that Tethers will be able to sort out their banking issues and eventually be able to pay out funds internationally. Once their banking is sorted out the hope is that USDT:USD will then go back to being 1:1.
They may however not sort out their banking issues in which case things could go sort very quickly.
