It's sort of funny hearing people claim that you can't create/redeem USDT for $. Like, I don't know what to tell you, you can, and we do.https://twitter.com/AlamedaTrabucco/status/1348773027639562241 …
-
-
Replying to @SBF_FTX @SBF_Alameda
Hi SBF. Thanks for chiming in. Do you do this directly with Tether?
2 replies 0 retweets 28 likes -
-
Replying to @SBF_FTX @SBF_Alameda
Do you do it in pretty big size? Ever done it on a weekend?
2 replies 0 retweets 12 likes -
Replying to @SantiagoAuFund
Big size: yes Weekend: eh there's some ambiguity here, but the wires can't be sent over the weekend even if a creation/redemption is initiated during one
1 reply 1 retweet 21 likes -
Replying to @SBF_FTX @SBF_Alameda
Tether says weekend wires are not an issue bc their biggest customers use the same bank as they do. I guess you don't use the same bank?
2 replies 1 retweet 17 likes -
Replying to @SantiagoAuFund
We do in fact, and so can sometimes do the fiat leg over weekends, but can't get money in/out of that bank over weekends in the first place
5 replies 1 retweet 28 likes -
The vast majority of market makers, OTC desks and exchanges have bank accounts at Deltec. Always find it amazing when Tether truthers just refuse to believe it or think it’s lies etc. Peak delusion
16 replies 8 retweets 62 likes -
Replying to @lawmaster @paoloardoino and
Hey Larry. Thank you for the info. But do you have any source? Why I'm asking: I'm working for a large institution which is present in OTC derivatives, MM etc. and we do not, and none of my friends working for other institutions do, have an account at Deltec
2 replies 1 retweet 13 likes -
Replying to @RiskIndemnity @davidgerard and
if USDT is redeemed where are the burn hashes like other stablecoins do, also missing an audit where you can flex that you have the funds and not seashells as collateral.
3 replies 0 retweets 8 likes
RE: burn txs. When we get a redemption, USDt flow back to the Tether treasury wallet to reduce the number of authorization (creation) transactions we have to do. The reason behind this choice is reducing the access to Tether issuance private keys.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.