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Yeah, I took issue with that statement. >In practice they’re quite difficult to convert to real money. In practice they're quite easy to convert to real money
by 22c 5y ago
Yeah, I took issue with that statement.
>In practice they’re quite difficult to convert to real money.
In practice they're quite easy to convert to real money, they're often the most liquid pairs available and extremely easy to convert close to 1:1 for another USD stablecoin as well, if that's your bag.
I have no idea how easy it is in practice to redeem 1 USDT for 1 USD, but it's very easy to convert even a marginally large sum of USDT to "real money" (fiat).
Where it can get difficult is withdraw limits on centralised exchanges, or overly cautious (hoop jumping) KYC processes. This is regardless of whether you're using USD, CAD or any other currency.