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Tether will make $700M profit
- arcticbull 4y agothey uh, say a lot of things and it’s incredible anyone repeats their claims verbatim. Truly a new journalistic low for CNBC.
- SilasX 4y agoFor anyone who's reading, the recent SVB chaos must have been a bonanza for them. There was a massive flight-to-"quality" from USDC and DAI into USDT, which led to a massive premium the latter. That premium still hasn't gone away, and is only down to 0.1%. During the chaos it traded for as much as $1.10. That should have been easy money for the company.