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Why, after every minting operation, is there a large print of USDT or FDUSD?
Market goes up?
For large amounts, if an institution wants to sell Usdt and return the US dollar to its bank account, how?
This process is called redemption
The organization communicates with Tether mostly through encrypted means for greater security
The company sends its refund request, after which Tether reviews it and may request more confirmations to avoid money laundering, etc., and the process is agreed upon.
Tether then sends the agreed upon amount to the company’s bank account, and the USDT is burned from the offered currencies
For trading.
The process takes place via blockchain
But many people doubt the credibility of Tether and whether it actually has large reserves for all this amount of USDT present in the market because there is no entity monitoring it.
Some large institutions are said to be suffering through the redemption process until they recover the US dollar, and Tether often does not agree
But despite the rumors, USDT is currently the largest stablecoin with a market value of 918$ billion dollars.
How do we benefit when we see that a large amount of...
? USDTS
Most likely, a large percentage of the market will rise in the near term because there is a large demand for USDT and institutions want to buy and supply their quantities.
These pictures show all the 1B billion USDT being printed going up
market after a while