Jesse Powell on Twitter: "@WoganMay @ummjackson @SchusterDEV Not necessarily. Tether could buy back (or redeem) all the USDT themselves without new money coming in." / Twitter

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Jan 26, 2018

That makes sense, yes, but that still depends on people elsewhere in the "crypto-economy" to be depositing USD. The way it sounds right now, even if Tether legitimately has $2bn+ in USD backing issued USDT, to cash out all USDT issued there needs to be *another* $2bn inflow.

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Not necessarily. Tether could buy back (or redeem) all the USDT themselves without new money coming in.

6:39 AM · Jan 26, 2018Twitter Web Client

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