3 ms·
And it's critical to note that Tether has, in fact, refused to process any redemptions for any US client since 2018.
by SpicyLemonZest 5y ago
And it's critical to note that Tether has, in fact, refused to process any redemptions for any US client since 2018.
- skybrian 5y agoI’m wondering why non-US intermediaries couldn’t do it?
- wmf 5y agoThere's no evidence that Tether does redemptions for anyone.
- anonymoushn 5y agoIf you ask any trading desk in the space they will tell you they personally regularly do this.
- wmf 5y agoWhat bank did the wire transfer come from?
- SpicyLemonZest 5y agoAccording to their stated policy (https://tether.to/fees/ https://tether.to/fees/), a non-US intermediary would have to: * Pay them a nonrefundable $150 fee. * Wait for your account to be verified, if you're approved - they have "sole discretion to approve or not approve accounts" * Send them a minimum of 100,000 USDT * Pay an additional $1000. To be clear, it's likely that all of this is a lie and they simply aren't processing redemptions for anyone. I'm not aware of any documented story from the last few years of someone successfully performing a Tether redemption. The US policy is just easier to talk about because it's explicit: they say, in black and white (https://tether.to/faqs/ https://tether.to/faqs/), that "no issuance or redeeming services will be available to these users".