That's an interesting observation. There's gotta be a pretty limited upper bound on redemptions because I know there is rather extensive KYC involved which 99%

That's an interesting observation. There's gotta be a pretty limited upper bound on redemptions because I know there is rather extensive KYC involved which 99% of Tether holders couldn't pass, high minimums, and country restrictions. If the 3% from treasuries on 60 billion dollars isn't enough to satisfy them then operating even at 80% reserve (which in the absence of leaks could probably go undetected for a very long time) would mean they stole about 12 billion dollars which should be enough many times over for a private jet, a whole new identity, extensive plastic surgery, and high ranking government officials of some Caribbean island in perpetuity.