@ki_young_ju We have redeemed 7B in 48h, without the blink of an eye. How many institutions can do the same?
We can keep going if the market wants, we have all the liquidity to handle big redemptions and pay all 1-to-1.
Yes, Tether is fully backed.
4/ LFG:
· Directly sold 26,281,671 $USDT & 23,555,590 $USDC for an aggregate 50,200,071 $UST
· Transferred 52,189 $BTC to trade with a counterparty, net of an excess of 5,313 $BTC that they have returned, for an aggregate 1,515,689,462 $UST
THREAD - @Polkadot#PolkadotDigest 16 May 2022
#Polkadot News
Reminder that registration is open for Polkadot Decoded 2022, with five in-person locations (Berlin, New York, Buenos Aires, Shangai, Mexico City) and online streaming. https://t.co/0Fh1G9vEN6