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Re:Tether has “dissolved” relationship with auditor Friedman... by empath75 on Saturday January 27, 2018 @11:22PM (#16249793)
Bitfinex just needs a bot to buy tether back when the price goes below $1.00. It’s fairly low volume so probably doesn’t cost much on most days. If there’s a run on the bank, that will change, though.
Re:Tether has “dissolved” relationship with auditor Friedman... by conanbatt on Sunday January 28, 2018 @01:11PM (#16252411)
This is akin to bitfinex/tether actually redeeming USDT for USD, which is precisely what they don't do.