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Stablecoins are money-makers now that interest rates are nonzero. With zero interest rates, there was no place safe to put the money, and many early stablecoins
by Animats 1y ago
Stablecoins are money-makers now that interest rates are nonzero. With zero interest rates, there was no place safe to put the money, and many early stablecoins were scams. Now, they're profitable to run honestly.
Trump has his own stablecoin, USD1.[1]
But how much does it cost to get in and out? That's the question. FedNow charges US$0.045 per transaction.
[1] https://coinmarketcap.com/currencies/usd1/ https://coinmarketcap.com/currencies/usd1/
- Jommi 1y agoActually, its looking like nearly every late comer to the stablecoin game outside of Tether is not able to actually make profit on their interest gains. They need to find business cases elsewhere.