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You will always be able to pay taxes in the US with US dollars, that is the promise of the US government, and there is no reason to believe this will change. T
by riffraff 6y ago
You will always be able to pay taxes in the US with US dollars, that is the promise of the US government, and there is no reason to believe this will change.
The promise of USD tether is that you will be able to get back 1 USD for 1 token, and there are reasons to believe this may not happen.
- valzam 6y agoAs mentioned otherwise in this thread (but it warrants repeating) their T&C say that they have absolutely no obligation to give you USD for your tether, so it's even worse.
- arcticbull 6y agoTether reserves the right to delay the redemption or withdrawal of Tether Tokens if such delay is necessitated by the illiquidity or unavailability or loss of any Reserves held by Tether to back the Tether Tokens,... ... and Tether reserves the right to redeem Tether Tokens by in-kind redemptions of securities and other assets held in the Reserves. Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all. [1] tether.to/legal