How liquid is USDT -> USD/CAD? I can see people selling at Binance, but not how big the buyer demands are.

Currently, most of the flow of value is from fiat currency (USD,CAD…) to crypto-currency (USDT,USDC…).

This allows the providers of so called ‘stable’ coins (Tether,Circle…) to promise1:1 exchange rate.

However the promise is not a guarantee of 1:1 exchange rate - when going back to from ‘stable coins’ to fiat currency. To find why please check -
The danger in the stable coins (thought experiments and the real price of Bitcoin)

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