basic dumb question for you an @Nouriel how does tether redemption work? theoretically, you deposit 6500 USD to get 6500 USDT (assuming parity). use it to buy 1 BTC for 6500. BTC goes to 6600, you redeem for 6600 USDT. you still have only 6500 USD. how do you redeem 6600 USDT?
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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