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Re:Why Banks Are Suddenly Closing Down Customer Accounts by sgjohnson on Monday November 06, 2023 @10:16AM (#38163696)
> But USDT dropped down to 94 cents during the crash

While that is true, they were redeeming them 1:1. So you could buy them at a 6% discount on the exchange, but redeem them, for free 6%.

Few people did because enough of them thought that USDT is going to the ground, causing the discount.

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