Tether Withdrawals Top $10B

Re:Tether Withdrawals Top $10B by oneoff786 on Tuesday May 24, 2022 @02:05PM (#31495464)

Tether is not willing to do this

[ Parent | on HN ]

Re:Tether Withdrawals Top $10B by MockObject on Tuesday May 24, 2022 @02:06PM (#31495484)

So their idea of pegging is just a forcefully worded request?

[ Parent | on HN ]

Re:Tether Withdrawals Top $10B by lmm on Tuesday May 24, 2022 @07:28PM (#31498758)

"Sure, it's pegged, Anyone who fills in the right forms can get their USD back. After a few weeks. And if the request is big enough. Oh, but there was a problem with your form. Sorry. Try correcting it and resubmitting it. No, we can't tell you what the problem was."

[ Parent | on HN ]

Re:Tether Withdrawals Top $10B by oneoff786 on Tuesday May 24, 2022 @04:29PM (#31497202)

More of a vague promise to buy. They have a lot of dollars. If tether skips to 99 cents will they buy it from people to push the price up? Maybe.

It’s been sitting at 99.9 for several days now.

[ Parent | on HN ]