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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by arcticbull on Tuesday November 02, 2021 @02:25AM (#29077748)
Exchanges make money hand over fist, they keep non-trivial basis points from a nice simple MySQL transaction. The question is: is the net outflow from the USDT peg into USD more than the revenue they are bringing in?
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Re:Report on Stablecoins [pdf] by humaniania on Tuesday November 02, 2021 @08:25PM (#29089506)
Yeah but they're operating in a gray market that is going to almost certainly close or shrink with regulation and they're greedy so why not take as much as possible? It's not like the customers have any recourse when their sketchy offshore exchange disappears or closes without paying everyone.
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