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Tether's website says "Tether currency is backed 100% by actual fiat currency assets in our reserve account and always maintains a one-to-one ratio with any currency held. For example 1 USD₮ = 1 USD. With almost zero conversion and transfer fees, Tether currency is redeemable for cash at any time."
Here we go again, trying to trick people. Just remember there’s a 100k minimum.
also it doesn't say this anymore. that's what it said at that particular date in 2017.
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