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IIRC to redeem you need a minimum of 100,000 USDT. So being a little off the peg still loses a bunch of "retail" investors money.
by AlexandrB 4y ago
IIRC to redeem you need a minimum of 100,000 USDT. So being a little off the peg still loses a bunch of "retail" investors money.
- soared 4y agoThat is correct, and additionally: > Tether charges a 0.1% fee for withdrawals up to a maximum of $1,000, which means Tether is redeemable at $0.99 for up to $1 million, and then $1 above $1million in terms of money in the bank.
- ShamelessC 4y agoWait, so they charge an _actual_ transaction fee in addition to whatever "gas fees" are already in place? I mean I get it, it's all a scam. But, this feels so...callous.