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AFIACT Tether doesn't even aspire to any fixed time frame for redemptions, so it's even easier than a typical money market scenario. If all their assets were 30
by grogers 4y ago
AFIACT Tether doesn't even aspire to any fixed time frame for redemptions, so it's even easier than a typical money market scenario. If all their assets were 30 day treasuries or shorter you don't even need to sell them - just wait the 30 days and then pay people then. Though I expect that even at tether's scale, markets for short term treasuries are liquid enough.