It’s peg is isn’t entirely accurately described as $1. > Tether charges a 0.1% fee for withdrawals up to a maximum of $1,000, which means Tether is redeemable

It’s peg is isn’t entirely accurately described as $1. > 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. Plus a $100k minimum to withdraw and a $150 fee for KYC.