Automatic/progamable Trader Bot for price controlling

Is it Possible to run an Automated Traderbot for the stable operation of a “Tether Coin”?

such a bot would neverendingly have to observe the markets for example token/usd exchange

and then if there is a price drop or price overhike, the Traderbot will buy back or sell the considered Backed token

did someone so far experimented with that?


It’s not difficult to do this, but I guess there is no ready solution.

would be quite useful right? to operate fiat pegged currencies