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Can anyone "take out" dollars at all? Tether is a bank with a deposit window but no withdrawal window. If Tether ceased operations tomorrow, just abandoned USD
by jellicle 5y ago
Can anyone "take out" dollars at all? Tether is a bank with a deposit window but no withdrawal window.
If Tether ceased operations tomorrow, just abandoned USDT and walked away with all the cash, what happens?
- passwordreset 5y agohttps://tether.to/fees/ https://tether.to/fees/ claims that fiat withdrawal is possible, with a fee of "The greater of $1,000 or 0.1%".
- simmerup 5y agoWow, minimum of 100k before they'll convert into real money. That's one way to stop a bankrun.