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Tether has been convicted of fraud.
by grey-area 3y ago
Tether has been convicted of fraud.
- rchaud 3y agoIf that meant anything the USDT to USD peg would collapse as it could no longer be redeemed for fiat.
- grey-area 3y agoIt means something, and tether will collapse.
- martin8412 3y agoMost people can't redeem USDT from Tether... Read their terms. You can only redeem USDT for USD if you bought directly from them, and even then it needs to be more than $100k. If you fulfill those two requirements, they'll let you redeem if they want to. They state in their terms that redemption is entirely at their discretion, and they can just say no if they gambled the reserves away.