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Beyond the discussion about Tether (or USDC) reserves, it is interesting to analyze the obvious business behind stable coins: users acquire and/or unload a stab
by wslh 3y ago
Beyond the discussion about Tether (or USDC) reserves, it is interesting to analyze the obvious business behind stable coins: users acquire and/or unload a stable coin where a provider as Tether have a treasury that receives an interest rate.
Doing a basic exercise, if your stable coin has a circulation of USD 100m you earn an anual profit of around USD 5m with a very low risk.