[jpatokal]

The market is still paying a 3.2% premium (at time of writing) for actual USD over Tether:

http://www.untether.space/

If Tether's withdrawing platform is for real, that should collapse to ~0%.

[wmf]

It should collapse to the fee to redeem Tethers, which is 3% for whales.

[JumpCrisscross]

> It should collapse to the fee to redeem Tethers, which is 3% for whales

This prices in no margin for Bitfinex delaying or failing to redeem Tether for hard currency.