/biz/ - Business & Finance

>>6685629
Collins went on to express his hope that
>Tether
would become a foundational component of the bitcoin ecosystem, one that gains traction due to the stability of its tokens.

"It's simply a dollar that works on the blockchain, and works with all [our clients'] services," Collins continued. "Their services work with bitcoin and now they can work with Tether."

Eventually, Collins explained Tether will seek to make money by charging a small fee to issue tokens, but noted that it intends to maximize the volume of these assets to keep costs for clients low.

"If we're controlling billions of dollars in circulation, then we'll make a half a percent, we'll invest that money," he said.

For the long term, Collins suggested that Tether hopes to grow to form the backbone of government-backed cryptocurrencies, the blockchain-based alternatives to projects like Ecuador's planned digital dollar and the proposed E-Peso project in the Philippines.

>>6649542
Hi CryptoInvestor.
> My name is Aaron Weisz and I work at CBS >News. Can you give me a call or shoot me a >note when you are free >weisza@cbsnews.com.