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Kraken is the only exchange where you can actually exchange USDT for USD. However, at the time of posting, you can only redeem 320k Tether before the price of i
by sparkie 9y ago
Kraken is the only exchange where you can actually exchange USDT for USD. However, at the time of posting, you can only redeem 320k Tether before the price of it will half. Only 320k out of 650M+ (and growing) has any real value. Where are the remaining 649780k USDT going to be redeemed for USD? (Hint: Not from Tether themselves, they clearly state in their own terms of service that they're not redeemable for USD).
- alanfalcon 9y agoRight, Tether is a scam. But my point is that Bitcoin can be sold directly for USD (not USDT) on some exchanges.
- empath75 9y agoI like how you just sort of blithely say that tether is a scam when there’s nearly a billion dollars of it trading on margin, inflating the bitcoin price.