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You can't redeem tether for dollars from Tether themselves, yes, but when you swap tether for dollars at a third party exchange then Tether has to pump some dol
by sbierwagen 5y ago
You can't redeem tether for dollars from Tether themselves, yes, but when you swap tether for dollars at a third party exchange then Tether has to pump some dollars into the trade to support the peg.
- nly 5y agoDo they? Anyone who believes in the peg could provide that liquidity.