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Re:Tether executives said to face criminal probe into bank f... by user-the-name on Monday July 26, 2021 @01:20PM (#27962159)
They can redeem, but not necessarily in dollars. The terms of service specifically give Tether the option of redeeming in basically whatever they want.

Also, I say "they can", but we have zero proof of this ever happening.

Re:Tether executives said to face criminal probe into bank f... by FireBeyond on Monday July 26, 2021 @03:06PM (#27963839)
Indeed, people have posted bounties for anyone willing to come forth with evidence that they have redeemed Tether for USD.

No-one has claimed them (and, IIRC, some are in the order of $5K USD, so not too trivial).