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Short answer: yes but not anymore. They have a shady past but quickly realized they had lucked into a WILDLY profitable business. That first 10% of their exist
by vscapitalx 2y ago
Short answer: yes but not anymore.
They have a shady past but quickly realized they had lucked into a WILDLY profitable business. That first 10% of their existence is debated constantly and is what you see referenced constantly online when Tether is labelled as shady.
They make a disgusting amount of money and it keeps snowballing. This annoys people who want them to implode for earlier crimes.
For context they are more profitable than Blackrock.
- pjc50 2y ago.. how are they profitable? Market making? Tbill interest? TX fees?
- kristjansson 2y ago> Tbill interest or similar. They have $100bn dollars and their only job is not to lose any of it.
- jgilias 2y agoIn this interest rate environment they’re basically printing money.
- Yizahi 2y agoGiancarlo literally prints these tokens from his laptop. The ultimate profit scheme.