>Where can you redeem tether for $1? If the answer is “nowhere” it’s a depeg by definition. Tether.to, although they will charge you a 0.1% fee unless you nego

>Where can you redeem tether for $1? If the answer is “nowhere” it’s a depeg by definition. Tether.to, although they will charge you a 0.1% fee unless you negotiate a better deal with them. >If you can trivially redeem tether for $1 why is it trading for less than that? It's also trading (very slightly) higher than $1 on other exchanges, such as Bitfinex. Such is the nature of order books.