Tether CEO confirms major capital raise at a reported $500B valuation
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Re: Tether CEO confirms major capital raise at a reported $500B valuation
#2I don’t know much about stable coins. How does tether make money?
Re: Tether CEO confirms major capital raise at a reported $500B valuation
#3(Slaps hood) you won't believe how much paper-money we can shove into this bubble.
Re: Tether CEO confirms major capital raise at a reported $500B valuation
#4I don’t know much about stable coins. How does tether make money?
I assume they could lend their USD holdings out to a variety of shady entities, while being subject to no regulation, due to not being a bank.
Re: Tether CEO confirms major capital raise at a reported $500B valuation
#5I don’t know much about stable coins. How does tether make money?
Tether holds around $170B of US treasury bonds and receives interest on them which amounts to billions per year.