Tether's business is very profitable right now because they don't have to pay interest. They can park all the money people hand to them in exchange for tether i

Tether's business is very profitable right now because they don't have to pay interest. They can park all the money people hand to them in exchange for tether in T-bills and earn 5%. Meanwhile the people holding the tether get nothing. Basically, they are a bank that pays no interest on deposits.