The problem is many fold. but the crux is I think we’re losing ground to Tether because of a lack of a use/strong tie to fiat. If we had the absolute and quick fiat exchange, we wouldn’t need to pay for the BTC/NBT peg. It would create itself.
Cross post from Liquidity provider profitability experiment:
As I see NBT is loosing ground to Tether because polo fully integrates tether. In times of volatility NBT and Tether are used a lot by speculators. Without the volatility we see decreased use. Tether is on the rise because you can get to fiat readily through Bitfinex. NBT simply doesn’t have that - sorry to say but CCEDK doesn’t have the mass that Bitfiniex does.
NBT claims usability because it is tied to USD, but its hard to get there without easy fiat exchange. As it is tether is doing our job “better” because all the users are creating the peg without being paid.