[lavezzi]

No large crypto orgs left? Tether has a market cap of $88bn alone.

[Enogoloyo]

So you tell me someone has 88bn us dollar or real assets somewhere stored away safely?

Somehow I doubt that. That would mean someone invested this in a save and independent way with enough return to keep it inflation save and apparently has no other idea on how to invest that even more magical.

How is tether really pegged safely?

[lavezzi]

I think you are preaching to the choir here, maybe I misread the intent of the OP above me.

[grey-area]

Tether has been convicted of fraud.

[rchaud]

If that meant anything the USDT to USD peg would collapse as it could no longer be redeemed for fiat.

[martin8412]

Most people can't redeem USDT from Tether... Read their terms. You can only redeem USDT for USD if you bought directly from them, and even then it needs to be more than $100k. If you fulfill those two requirements, they'll let you redeem if they want to. They state in their terms that redemption is entirely at their discretion, and they can just say no if they gambled the reserves away.

[grey-area]

It means something, and tether will collapse.