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> If that quantity of Tether (1/75 of the float) were dumped into the open market for USD, you'd expect to see the USD change rate fall. Not if the small amoun
by chpatrick 5y ago
> If that quantity of Tether (1/75 of the float) were dumped into the open market for USD, you'd expect to see the USD change rate fall.
Not if the small amount of people who want to redeem their Tethers for USD or vice versa are able to. Everyone else will happily trade at that rate as long as they feel confident what they own is equivalent to a dollar. The problem is if everyone suddenly wants their money back and it turns out it doesn't exist.