This really dips into conspiracy levels: Tether has many customers who can redeem USDT for real dollars. Many companies do this and are very open/vocal about this. Our company has done this as recent as late last week.
Something I’ve been wondering is how Tether, which has a very difficult history of banking, has been able to pay out billions of dollars in USD in a few days (regardless of having it — even if they had it, I assumed it would be very difficult).
Can you share how your USDT was redeemed — was it to USD from a US banking institution (a wire?) or some other mechanism?
phphphphp|3 years ago
Can you share how your USDT was redeemed — was it to USD from a US banking institution (a wire?) or some other mechanism?
Thank you!
jules-jules|3 years ago
https://www.silvergate.com/
lmm|3 years ago