> up to this point anyone has been able to redeem 1 USDT for 1 USD through Bitfinex What do you mean "up to this point anyone"? For several years Bitfinex (wh

> up to this point anyone has been able to redeem 1 USDT for 1 USD through Bitfinex What do you mean "up to this point anyone"? For several years Bitfinex (who also assured everyone that they had NOTHING to do with Tether) or Tether would only let you redeem if you were a "whale" with over $30K in holdings, were a non US-national, were subject to a six month waiting period. Random people absolutely could not redeem say 10 USDT. Also during that period people would post bounties, some of which were a couple of thousand dollars, for -anyone- to demonstrate that they'd been able to redeem, and none of those bounties were ever claimed. Things might be different now, but let's not try to claim that it's all been all good so far.