The point of having the reserves in US Dollars is that Tether could theoreticall...

bb88 on April 30, 2019 | parent | context | favorite | on: Tether Says Stablecoin Is Only Backed 74% by Cash,...

The point of having the reserves in US Dollars is that Tether could theoretically buy back surplus USDT's from an exchange that trades in it. Otherwise an exchange could be left holding millions of worthless USDT with no means to move that back to US dollars.