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> Those who exchanged Bitcoin for Tether will be holding worthless Tether tokens and will want to quickly exchange it for something else... like Bitcoin or some
by bhouston 9y ago
> Those who exchanged Bitcoin for Tether will be holding worthless Tether tokens and will want to quickly exchange it for something else... like Bitcoin or some other cryptocurrency.
One could unwind USDT slowly. It needs to in the end be converted to USD to actually unwind. Does Tether.io have $2.4B ready to be cashed out?
If you exchange USDT to another cryptocurrency someone is still holding USDT.