Has anyone else taken note of the USDT:bitUSD pair on the DEX recently? That particular pair used to always trade >1bitUSD, but for the last 2 weeks it has consistently been <1 bitUSD, and with increased volume.
Aside from the arbitrage possibilities this presents, the suggestion is that the market is beginning to view bitUSD as a superior safe haven to USDT (which should be a no-brainer to anyone who bothers to read Tether's terms of service).
We need to do what we can to accelerate this trend. There is rational reason that USDT's market cap is over a quarter billion dollars, while bitUSD sits at a measly $3.5M. I have personally been spreading the word that market pegged assets are superior to pseudo-cryptocoins such as tether, and I know that others have been doing the same - we need to keep doing this. But by itself, getting the word out there may not be enough. One of the problems spreading awareness does not help resolve is that getting from a centralized to bitUSD takes several steps more than it needs to.
Those of us who trade on centralized exchanges in addition to the DEX should reach out to the exchanges we trade on with requests that they add a bitUSD:USD pair (or similar). More people use SmartCoins as a safe haven in times of uncertainty will increase demand for BTS, and the new arbitrage opportunities opened up would be icing on the cake, as they would be increase liquidity.