That's assuming they were paid dollars for those USDT by exchanges. An exchange ... | Hacker News

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		arcticbull on May 24, 2022 \| parent \| context \| favorite \| on: Tether Withdrawals Top $10B That's assuming they were paid dollars for those USDT by exchanges. An exchange could borrow the USDT, and when returned, they could be burned - with no dollars changing hands.

jules-jules on May 24, 2022 [–]

Yeah absolutely. Wouldn't surprise me in the least if the likes of Binance, Tron, and FTX issued Commercial Paper in exchange for USDT.

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