You can't redeem tether for dollars from Tether themselves, yes, but when you sw... | Hacker News

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		sbierwagen on Sept 28, 2021 \| parent \| context \| favorite \| on: Bitfinex just spent $23.7M in fees to make a singl... You can't redeem tether for dollars from Tether themselves, yes, but when you swap tether for dollars at a third party exchange then Tether has to pump some dollars into the trade to support the peg.

nly on Sept 28, 2021 [–]

Do they? Anyone who believes in the peg could provide that liquidity.

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