The crypto market is in turmoil, and many are looking to cash out of their stablecoins amid unprecedented volatility.
After UST lost its peg earlier this week, USDT is now struggling to retain its dollar peg on several centralized exchanges. Tether claims that USDT can be redeemed at any time on tether.to for $1. However, many users are likely unfamiliar with how to achieve this.
How to redeem on Tether’s website
To redeem Tether for fiat currency, users must go through a few steps before sending it to their bank account. However, there is a big catch that Tether fails to put in its marketing; users have to pay $150 for “verification,” and the minimum transaction amount is $100,000.
Additionally, U.S. citizens must be classified as Eligible Contract Participant to redeem USDT via the website.
You must first make an account on Tether’s website which is tether.to. You only need to provide your name, country, and state at this point.
Once you have done that, it will ask you to ve
We współpracy z: https://cryptoslate.com/you-can-redeem-tether-usdt-11-on-tether-to-but-theres-a-catch/
