/biz/ - Business & Finance

>>8400213
>>8400085
that's because all these fucking JNT brainlets don't understand how it works either.

arbitrage is just one reason. Tether spikes up to 1.03 because in times of incredible volatility, there is not enough in the system for all crypto holders to switch over. Once there's enough stable coins in the system, the arbitrage opportunity disappears.
The arbitrage is between fiat/stablecoin, (I made this meme this is just my interpretation of how it could work), tokenize cash, sell jcash for btc, immediately sell btc for fiat
there are other reasons to tokenize, probably to give the properties of divisibility and transmission to traditional assets or something - this is for Jibrel to explain what their clients are looking for

>>8034380
like all tokens it's a clever trick to create value out of nothing. this cycle is just one goal of the project (if they don't change it on the roadmap).

i entered my meme into the contest already btw