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0 sats \ 3 replies \ @BlokchainB 15 Jun \ parent \ on: Stablecoins Entering the Financial Mainstream (Financial Times, Philip Stafford) econ
Tether during the COVID crisis redeemed $6B of Tether without losing the peg or being busted.
This idea you can’t is false. It’s just the amounts to do so are extremely large
It been min $100k since forever: https://tether.to/en/fees/
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What evidence is there that these redemptions actually happened? I'm not trying to be antagonistic, just want to increase my own understanding
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I have none just the MC of tether tanking and everyone on X thinking they were going to blow up like FTX.
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