> Tether can survive a net outflow because Tethers aren't redeemable in that way I think it's worth distinguishing here between Tether the company and Tether t

> Tether can survive a net outflow because Tethers aren't redeemable in that way I think it's worth distinguishing here between Tether the company and Tether the coin. Tether the company isn't automatically destroyed by a net outflow for the reasons you mention, but if they are indeed not fully backed, a net outflow could certainly break the peg and kill the coin as we know it.