Tether exceeds Bitcoin in dollar trading volume

Re:Tether exceeds Bitcoin in dollar trading volume by retpirato on Friday October 04, 2019 @12:36PM (#21159338)

I've never even heard of tether, & I doubt I'm the only one.

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Re:Tether exceeds Bitcoin in dollar trading volume by k__ on Friday October 04, 2019 @01:45PM (#21160065)

I only heard of it because I had the idea of Tether after Tether, so I found it while Googling.

But it seems it wasn't that good of an idea, so no FOMO.

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Re:Tether exceeds Bitcoin in dollar trading volume by Kiro on Friday October 04, 2019 @01:47PM (#21160091)

You can't earn money on Tether (the value is always $1) so there's no ground for FOMO.

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Re:Tether exceeds Bitcoin in dollar trading volume by david-gpu on Friday October 04, 2019 @01:55PM (#21160179)

The company that issues tether can invest the proceeds into a money market and get some meager interest. If that float is large enough, they can make a killing in absolute terms. Presumably that's what the grandparent means.

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Re:Tether exceeds Bitcoin in dollar trading volume by skookum on Friday October 04, 2019 @02:24PM (#21160419)

The company that issues Tether can issue it without receiving any USD. If that issuance is large enough, they can make a killing in absolute terms.

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Re:Tether exceeds Bitcoin in dollar trading volume by throwaway66920 on Friday October 04, 2019 @04:47PM (#21161748)

notably tether doesn’t guarantee the right to redeem the tokens for dollars, so they can do whatever they want

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Re:Tether exceeds Bitcoin in dollar trading volume by abstractbarista on Friday October 04, 2019 @01:53PM (#21160165)

Interestingly, Tether has "broken the buck" before, trading below (or sometimes above) $1 parity.

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