have only heard of instis or people with entities (INSTIS) do this before
i have never met any individual who has redeemed USDT directly from tether by sending in USDT and then getting USD sent to their bank account twitter.com/akethcheta/status/...
be my guest
i remember the previous fee structure was like 1000 to verify and then an ongoing monthly/quarterly fee to maintain the account
this newer fee structure is better, i suppose
if im bored i might open an account and try mints and redemptions directly with them
tbh, $150 upfront + 0.1% per tx is chump change for a direct off ramp
i may actually open an account with them
ive nothing better to do these days anyway and ive direct accounts with all the other stablecoin issuers already so i might as well just complete the glove
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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