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I've never even heard of tether, & I doubt I'm the only one.
by retpirato 7y ago
I've never even heard of tether, & I doubt I'm the only one.
- k__ 7y agoI 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.
- Kiro 7y agoYou can't earn money on Tether (the value is always $1) so there's no ground for FOMO.
- abstractbarista 7y agoInterestingly, Tether has "broken the buck" before, trading below (or sometimes above) $1 parity.
- david-gpu 7y agoThe 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.
- skookum 7y agoThe 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.
- throwaway66920 7y agonotably tether doesn’t guarantee the right to redeem the tokens for dollars, so they can do whatever they want