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.
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