> If Tether worked as it was advertised there would be no profit opportunity. Everyone gave multiple good profit opportunity already, but what about having a t

> If Tether worked as it was advertised there would be no profit opportunity. Everyone gave multiple good profit opportunity already, but what about having a transaction fees? They still have a cost related to operating this business, you put that cost toward a transaction fee and you put a small profit on top. That's how credit card works, though their fees apply much more often than it would for a stablecoin, where most transations aren't from the coin to fiat money. > you accepting $100 USD from your friend and giving them $100 of Monopoly money That's pretty much the definition of a bank. Banks does it for free ALL the time and has actual physical locations on top of that and has to operate locally too.