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You can't earn money on Tether (the value is always $1) so there's no ground for FOMO.
by Kiro 7y ago
You 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