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Ending redeemability? Can you redeem a tether for a USD today?
by cool_dude85 6y ago
Ending redeemability? Can you redeem a tether for a USD today?
- BelenusMordred 6y agoYes, certainly can, right here: https://www.kraken.com/prices/usdt-tether-usd-price-chart/usd-us-dollar?interval=1m https://www.kraken.com/prices/usdt-tether-usd-price-chart/us... You can also short it if you are convinced Tether is going to collapse.
- cool_dude85 6y agoSorry, trading it for a dollar isn't the same as redeeming it for a dollar.
- sekai 6y agoYou can easily withdraw USD/EUR you got from trading in USDT.
- deleted 6y ago[deleted]
- mamon 6y agoYou're missing the point: trading means that you have to find someone willing to do the trade with you. If no one wants to buy your Tethers then you're doomed. Redeeming is completely different - the issuer of your asset has a legal obligation to buy them from you (or at least that's how it should work for assets that aren't scam).
- BelenusMordred 6y agoSo why not short it against USD? The choice is there on Kraken, it's arguably the easiest win possible if you are convinced USDT will eventually go to zero in the next few years? It's certainly not going to shoot above $1.