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by thebean11 1792 days ago
That would be extremely expensive no? They not only have to buy Tether (using currency they can't print at will) to keep the price up, but also pay significant transaction fees.

Totally agree you wouldn't be able to redeem it, I'm just saying the market seems to think 1 USDT = 1 USD. I honestly can't imagine they could keep that peg through manipulation..it would be astronomically expensive.