I know the terms (new issuances, Hawala and US VC funds), but I don't follow you. Can you please ELI5?
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Bob runs a well-known VC fund. He wants to buy $20 million of Bitcoin. Bitfinex says they can do that but that only way in/out is tether.
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You then promise Tether that, should in the future someone offer to sell you tethers, you redeem up to $20M if they're also e.g. VC funds.
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Most likely non-US parties transferring money in whatever jurisdiction BTC-E banked in. OR, blanket issuance against BTE-E withdrawal demand
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