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> Since there is almost no money to be made with the "stablecoin" business model Currently, holding USD and giving out crypto USD makes a lot of money for the
by janandonly 3y ago
> Since there is almost no money to be made with the "stablecoin" business model
Currently, holding USD and giving out crypto USD makes a lot of money for the holders. Just look at Tether making $850 million last quarter alone.
Source: https://www.bloomberg.com/news/articles/2023-07-31/tether-attestation-says-second-quarter-profit-was-850-million https://www.bloomberg.com/news/articles/2023-07-31/tether-at...