If an institution redeems approximately USD 1 million, what is the expected redemption timeline?

For an institutional redemption of approximately USD 1 million, the redemption request should generally be submitted during the public redemption window at the end of each month.

The standard process is:

1. Submit the redemption request during the monthly redemption window.

2. The redemption window typically remains open for approximately three days.

3. After the request is submitted and processed, USDT is typically received within approximately one week.

4. The redeemed amount can then be claimed through onchain contract interaction.

Actual redemption timing may depend on market conditions, settlement status, operational review, and available liquidity.