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Important to note that they can only nuke that is under their control right now, and presumably Bitfinex' (and perhaps some other entities). Everything that is
by jules-jules 4y ago
Important to note that they can only nuke that is under their control right now, and presumably Bitfinex' (and perhaps some other entities). Everything that is in wider circulation can only be removed through actual withdrawals.
- arcticbull 4y agoThat's assuming they were paid dollars for those USDT by exchanges. An exchange could borrow the USDT, and when returned, they could be burned - with no dollars changing hands.
- jules-jules 4y agoYeah absolutely. Wouldn't surprise me in the least if the likes of Binance, Tron, and FTX issued Commercial Paper in exchange for USDT.