RE: Stablecoins VitalYou are viewing a single comment's thread from:Stablecoins VitalView the full contextblurtyield in crypto • last year Investors are massively redeeming hundreds of millions of Tether stablecoin (USDT) for what? not entirely sure, for USD itself. PYUSD? crypto
That is quite funny; if you really wish to redeem USDT with the issuer itself, tether, then yeah, it's like redeeming your notes with a central bank...erm... can't get gold anymore! lmao.
"I promise to pay the bearer on demand the sum of ten pounds"
used to be gold, now is with another tenner. lol
$27 Million PayPal Tokenized Dollars Issued on the Ethereum Blockchain
https://www.trustnodes.com/2023/08/08/27-million-paypal-tokenized-dollars-issued-on-ethereum-blockchain
That's far short of that $325M out of USDT. Could be some lag.