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A comment on Coffeezilla, a YouTuber Exposing Crypto Scams. Parent comment

Re:Coffeezilla, a YouTuber Exposing Crypto Scams by Marazan on Saturday May 14, 2022 @02:24PM (#31380812)
Have you ever redeemed Tether?

As opposed to selling it to another chump on am exchange?

Have you ever taken your Tether holdings and redeemed them at Tether.io for US Dollars?

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Re:Coffeezilla, a YouTuber Exposing Crypto Scams by gruez on Saturday May 14, 2022 @03:18PM (#31381374)
My impression is that at certain exchanges that accept USDT (eg. bitfinex), you can withdraw your USDT for "real" USD wired to your bank account. Isn't this effectively redeeming it, even if you're not directly transacting with Tether Operations Limited?
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Re:Coffeezilla, a YouTuber Exposing Crypto Scams by bushbaba on Sunday May 15, 2022 @01:19AM (#31385440)
No. That’s you selling your usdt for usd to a non tether entity.
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Re:Coffeezilla, a YouTuber Exposing Crypto Scams by syzygyhack on Saturday May 14, 2022 @02:39PM (#31380956)
With a corporate account, not personal, but yes. They make it relatively simple. I don't imagine it's any different for an individual, aside from the verification process.
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