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A comment on Bitfinex and Tether required to end all trading activity with New Yorkers. Parent comment

Re:Bitfinex and Tether required to end all trading activity ... by vidarh on Tuesday February 23, 2021 @12:31PM (#26240112)
> Then what is your explanation for why it is not possible to directly exchange USDT for USD, there must be a reason that no exchange wants to do that.

https://global.bittrex.com/Market/Index?MarketName=USD-USDT

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Re:Bitfinex and Tether required to end all trading activity ... by pas on Tuesday February 23, 2021 @12:41PM (#26240232)
Do they process withdrawals in a reasonable time?
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Re:Bitfinex and Tether required to end all trading activity ... by boring_twenties on Tuesday February 23, 2021 @02:32PM (#26241754)
Dunno about Bittrex but Kraken also has a USD/USDT pair. Withdrawals via wire transfer take around 2 days.
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Re:Bitfinex and Tether required to end all trading activity ... by vidarh on Tuesday February 23, 2021 @12:44PM (#26240268)
I have not had problems with them, but I'm also not doing any large transactions.
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Re:Bitfinex and Tether required to end all trading activity ... by grlass on Tuesday February 23, 2021 @01:30PM (#26240861)
Also note Kraken, withdrawals are as fast as a wire transfer (so a few days): https://www.kraken.com/en-us/prices/usdt-tether-usd-price-ch...

What I'm not sure is how that market connects to Tether's bank accounts increasing or decreasing in holdings. This is all third-party exchanges, presumably with other customers as the counterparty.

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