Stablecoin Issuer Tether Says Profit Was $13B Last Year (finance.yahoo.com) 1 points by jgalt212 1y ago ↗ HN
[–] jgalt212 1y ago ↗ > The market value of Tether’s USDT token in circulation has climbed to above $143 billion$143B in debt at 0 interest, put the proceeds in T-Bills. Pure profit! That being said, their profits are higher than T-Bill yields alone would indicate.
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[ 1.7 ms ] story [ 13.3 ms ] thread$143B in debt at 0 interest, put the proceeds in T-Bills. Pure profit! That being said, their profits are higher than T-Bill yields alone would indicate.