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A comment on Tether Withdrawals Top $10B. Parent comment

Re:Tether Withdrawals Top $10B by jules-jules on Tuesday May 24, 2022 @04:18AM (#31489392)
Important to note that they can only nuke that is under their control right now, and presumably Bitfinex' (and perhaps some other entities). Everything that is in wider circulation can only be removed through actual withdrawals.
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Re:Tether Withdrawals Top $10B by arcticbull on Tuesday May 24, 2022 @12:02PM (#31493794)
That's assuming they were paid dollars for those USDT by exchanges.

An exchange could borrow the USDT, and when returned, they could be burned - with no dollars changing hands.

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Re:Tether Withdrawals Top $10B by jules-jules on Tuesday May 24, 2022 @02:11PM (#31495534)
Yeah absolutely. Wouldn't surprise me in the least if the likes of Binance, Tron, and FTX issued Commercial Paper in exchange for USDT.
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