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Just to expand on the comments made by other places: The holders of Tether lose money (effectively) due to inflation. The owners of Tether the corporation (Bina
by jiggawatts 4y ago
Just to expand on the comments made by other places: The holders of Tether lose money (effectively) due to inflation. The owners of Tether the corporation (Binance) can collect the interest, which is cash money. Billions is billions.
They only have to repay the face value of the deposited cash. Yes, the real purchasing power goes down over time, but that's not their problem!