> "where people are told to redeem tether to USD" If Tether has no actual cash in its kitty and its price on open exchanges plummets to zero, how exactly are "

> "where people are told to redeem tether to USD" If Tether has no actual cash in its kitty and its price on open exchanges plummets to zero, how exactly are "people" going to redeem it for USD? Tether is entirely unregulated, there's no FDIC insurance or equivalent backing it.