An ELI5 Explainer About Where to Look When The Depegging Begins
> Except Tether charges a 0.1% redemption fee, which means they’d actually net $29,976,075.2988.
This is wrong, Thether charges max(0.1% x TOTAL, $1000). So your final argument is not valid.
> Except Tether charges a 0.1% redemption fee, which means they’d actually net $29,976,075.2988.
This is wrong, Thether charges max(0.1% x TOTAL, $1000). So your final argument is not valid.