Report: Bitfinex, Tether's funding scandal provided Kraken with an opportunity

According to Diar's latest report, Tether is currently a controversial stable currency due to recent negative news, and its reserves have been cut by 26%, barely maintaining its expected dollar peg level. Kraken is one of the only exchanges with USDT / USD trading pairs. For those who exit the Tether position and enter the Kraken trade, the arbitrage opportunity is as high as 5%.