> but when I take cash out of my bank account I get a cash dollar 1:1 with what they debit my account; they don’t prorate it for the amount of reserve they have.

Now try taking out 50 million or more, you'll face same difficulties.

This tether nonsense comes up every few months, still adamantly holding the 1:1.

Not mentioning that it's not the single dollar peg option in crypto space anymore, plenty of other options USDC, Dai.