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

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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