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That'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 dollar
by arcticbull 4y ago
That'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.