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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
by david-gpu 7y ago
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.
- 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