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222 sats \ 7 replies \ @0xbitcoiner 17 Jul \ on: Tether Fun Unbelievable Details - Part I bitcoin
What I find most ridiculous is that $100k minimum redeem. Their ads say you can always swap 1 for 1, but then you've got this massive limit. I get that there needs to be a minimum, but not that much!
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102 sats \ 1 reply \ @CruncherDefi 21 Jul
They want to limit arbitrage opportunities for others, so they can collect all the arbitrage revenue. And there is some serious money in there - ask wallstreet.
Arbitrage is extremely-margin-thin and zero-sum game. If they themselves don't pay the fee, it effectively makes it impossible to get into the game for others, cause they will sweep the opportunity before it's ever profitable for other players.
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0 sats \ 0 replies \ @0xbitcoiner 21 Jul
the small fish are gonna be screwed when everyone starts pulling their money out. not for me!
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33 sats \ 4 replies \ @Scoresby OP 17 Jul
You can probably trade anything less than $100k at any of the big exchanges.
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222 sats \ 2 replies \ @0xbitcoiner 17 Jul
Yeah, you can do it, but it’s not a 1:1 ratio. Feels those limit they use to stop a bank run.
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33 sats \ 1 reply \ @Scoresby OP 17 Jul
Interesting point. I wonder if i could find out demographics of their holders: mostly small scale or mainly large with the small fry not actually making too large a percent of the total issuance.
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102 sats \ 0 replies \ @0xbitcoiner 17 Jul
I’ll look into it, but it’s probably not gonna be easy. Tether’s like a pitch-black room!
edit @Scoresby
https://coinlaw.io/tether-statistics/ Updated on: June 26, 2025
Pretty solid stats on Tether. Just leaving out the distribution part.

Wallet Distribution and On-Chain Activity

  • There are now 10.7 million active USDT-holding addresses, up 19.2% year-over-year.
  • The top 100 addresses hold around 37% of the total supply, down from 41% in 2023, indicating improved distribution.
  • The average USDT wallet holds about $970, although this figure varies widely between exchanges and self-custody wallets.
  • Over 43 million USDT transfers were recorded on-chain in January 2025 alone.
  • DEX transaction volume using Tether exceeded $19 billion in February 2025.
  • Tether is among the top 3 most used assets on Ethereum, Tron, and Arbitrum by daily transaction count.
  • On Tron, Tether is the most transferred token, averaging 4.1 million transactions per week.
  • The number of non-custodial wallets holding Tether rose by 22% from 2024, driven by demand for DeFi and privacy.
  • More than 1.4 million smart contracts have interacted with USDT on-chain as of Q1 2025.
  • Wallet analytics tools like Nansen and Glassnode track over $48 billion in cold-storage Tether balances.
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0 sats \ 0 replies \ @f0af8b8b11 20 Jul freebie
Thanks @Scoresby! That helps. I wasn’t sure what the safe trading range was. Do you know if KYC is still required below $100k on most exchanges?