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/biz/ - Business & Finance

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>> No.58323240 [View]
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58323240

How was Tether's former stated business of backing tether 1 to 1 with traditional currency reserves supposed to have been profitable?
Did/Do they charge people some small amount on every tether minted, I know they charge the greater of $1000 or 0.1% per redemption (minimum 100k usd), but that doesn't seem all that profitable.

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