This isn't the same thing though. They may be buying Tether. I'm not aware of evidence that they do this, but I'll believe it because it seems logical that they

This isn't the same thing though. They may be buying Tether. I'm not aware of evidence that they do this, but I'll believe it because it seems logical that they would. You cannot REDEEM the coins. Which may look a lot like just selling it back to them for $1 but it's not the same. That's a problem. They can stop buying tethers whenever they want and, theoretically, you have no recourse. It's only going to keep going while it suits them. edit: and, importantly, you cannot even SELL tether back to them for $1. They just won't do this right now. They'll do market price at best.