> Not possible. Tether's terms of service explicitly state they have no obligation to redeem. Which also leads to a scenario where no one wants to hold Tether

> Not possible. Tether's terms of service explicitly state they have no obligation to redeem. Which also leads to a scenario where no one wants to hold Tether > Tethers only hold value so long as other people believe they do...which is the definition of a fiat currency. True, but there's an incredible difference in kind between Tether and the Euro/USD/etc