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One upside: 0.5-1% interest per day at Bitfinex. > Remember, with a stablecoin, there is no upside to holding. The people running Tether has a stake in the up

by csomar 5y ago

One upside: 0.5-1% interest per day at Bitfinex. > Remember, with a stablecoin, there is no upside to holding. The people running Tether has a stake in the upside. It's this moment where they need to convert their supposed holdings to sustain the price. It's not going to be expensive (maybe even profitable) given the high yield of USDT right now.

overtonwhy 5y ago
oh yeah 180% interest per year definitely isn't a scam
- pja 5y ago
  Full on Ponzi interest rates there.
- caf 5y ago
  It's much worse than that. 0.5% daily is 517% annually.
vkou 5y ago
1% interest a day isn't worth very much when you discover they've ran off with your principal.