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A comment on Tether Required Recapitalization in May 2022. Parent comment
But, what I said was it’s never been documented.
* Does he buy Tether at par or at a discount?
* Can he redeem when he wants, in any quantity, or do they have arrangements?
* Is he redeeming for dollars or in kind? Terms allow for latter
* Does he buy with dollars or with commercial paper?
I do not believe he has shown material which would let us answer any of these questions
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But, what I said was it’s never been documented.
* Does he buy Tether at par or at a discount?
* Can he redeem when he wants, in any quantity, or do they have arrangements?
* Is he redeeming for dollars or in kind? Terms allow for latter
* Does he buy with dollars or with commercial paper?
I do not believe he has shown material which would let us answer any of these questions