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>As far as I know, there are no such entities who are willing or able to provide such a service. Kraken offer such a service, this article is about kraken and
by A2017U1 8y ago
>As far as I know, there are no such entities who are willing or able to provide such a service.
Kraken offer such a service, this article is about kraken and it specifically mentions USD/usdt trading on the exchange.
- duskwuff 8y ago> Kraken offer such a service... Kraken offers an exchange between USD and USDT. When you perform an exchange, you are trading USD for another user's USDT, or potentially for USDT issued directly by Tether. The exchange is performed at market rates, which can fluctuate. Tether claims on their web site that USDT can be redeemed, which would presumably be a process by which one USDT is destroyed and the holder receives exactly one USD in return. However, this process does not appear to actually be available to anyone.
- A2017U1 8y agoI suggest you read the comment I was responding to again. My reply was accurate. >However, this process does not appear to actually be available to anyone. Tethers have been redeemed by exchanges and burnt, this is visible on the omni chain explorer. Theres only a handful of actual customers allowed to buy and redeem directly with tether.