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No, no, it's stable coin. You see 1 USDT will always be 1 USDT. That is what stable coin means and is doesn't it? That is you can always redeem one USDT for one USDT(terms and conditions might apply)...

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Nah you can also redeem 1 USDT for some Evergrande debt as well

They said 1 USDT is tethered to 1 USD. They didn't tell you if it was positive 1 USD or negative 1 USD.

Whoever got to offload their Evergrande debt for USDT sure was lucky! That trade have made Tether some friends in high places.

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