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.
RE: Stablecoins Vital
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Stablecoins Vital
"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.