4 ms·
> You can take redemption from tether and they will wire you the money Tether says they will. Has anyone successfully done this? > on several exchanges it ca
by 35fbe7d3d5b9 6y ago
> You can take redemption from tether and they will wire you the money
Tether says they will. Has anyone successfully done this?
> on several exchanges it can be exchanged into fiat, for smaller participant.s
No one says you can't trade USDT. But that requires a counterparty, and if it turns out that Tether is mostly backed by air they may evaporate as well.
- lettergram 6y agoThat’s usually the way these things work. That’s why the AG is making statements like “stop the illegal activity” and stuff, it degrades trust. However, if you read the statement it’s a win for the crypto exchange. Only an $18m fine for supposedly “billions in fraud” (course if you read deeper, they found no fraud).
- 35fbe7d3d5b9 6y agoI'm surprised that you read a settlement narrowly focused on activities in 2017-2018 and apply it to today. Tether was nearing a lifetime market cap of two billion when investigated. Their "100% backed!" claim at two billion turned out to be 13.8% backed. They printed two billion USDT over the course of six days earlier this month. Wonder how backed that is.