Re:The Cryptocurrency Industry Is 'On the Brink of an Implos...
by decentralised on Monday October 15, 2018 @12:12PM
(#18220944)
To the best of my knowledge, exchanges do not allow redeeming USDT for USD.
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Re:The Cryptocurrency Industry Is 'On the Brink of an Implos...
by Animats on Monday October 15, 2018 @03:34PM
(#18222927)
Kraken allows selling USDT for USD. The current price is $0.94 USD.[1]
[1] https://cryptocoincharts.info/pair/usdt/usd/kraken/today
Re:The Cryptocurrency Industry Is 'On the Brink of an Implos...
by evancox100 on Monday October 15, 2018 @03:50PM
(#18223068)
Redemption != Sell
Redemption implies a non-market transaction to turn in an asset for a guaranteed face value. For example, you redeem bonds (and bond coupons) for the face amount with the original issuer, once the bond or coupon has matured