Tether is currently in the early stages of a bank run

[petethomas]

https://twitter.com/patio11/status/1051560132235030528

[jamestimmins]

This title should be updated to “patio11 thinks Tether is on the early stages of a bank run”. The title implies fact, but this is just one persons tweet.

[ForHackernews]

As far as I know, there's no way to actually redeem your USDT from Tether itself. How can you have a bank run on a "bank" that doesn't offer withdrawals?

[megadethz → ForHackernews]

Can buy BTC on Bitfinex and sell on a real USD exchange. Explaining the premium.

[scotty79]

The question is, can the people behind tether buy enough of it at high enough price to bring back price to 1$

[OnlyRepliesToBS]

this format is terrible to read