Tether/USDcoin for passive income?

[Anonymous No.57143408]

WTF is up with these insane yields for stablecoins?
USDC 5.1%
USDT 13.1%

Would it not be smart to hodl a lot of this shit just for passive income? I mean memes/shitposting aside, what's the catch?

[Anonymous No.57143418]

It deflates when the market cools down, is not worth the risk of getting USTCed

[Anonymous No.57143428]

>>57143418
I said memes/shitposting aside.
Lunafags were known scammers, Tether has existed since 2014 (which holy shit is literally 10 years now)
so what do you mean?

[Anonymous No.57143436]

>>57143408
>Holding usd crypto during high interest rates
Never change biz

[Anonymous No.57143439]

>>57143428
the conditions that allowed for tether to exist are no more

[Anonymous No.57143446]

>>57143436
>>57143439
ffs give me actual arguments instead of shitposting.

>>57143436
make your point
>>57143439
qrd?

[Anonymous No.57143447]

>>57143408
Anon discovers interest (he doesn’t know banks already do this)

[Anonymous No.57143451]

>>57143408
>13.1%
Surely this can't go wrong

[Anonymous No.57143458]

>>57143447
So what do you mean? Isn't it a good idea then for a somewhat certain income?
>>57143451
Ok give me an example of Tether crashing in the past 10 years

[Anonymous No.57143459]

>>57143446
KYC everything - can't launder as much so less cash flow
tight money - no cartel and chinese demand
competition - you have other stables and plain fiat

[Anonymous No.57143464]

>>57143459
Then what about USDC?

[Anonymous No.57143466]

>>57143464
nothing, coinbase meme coin

[Anonymous No.57143503]

>>57143458
Did you graduate high school? It’s literally like a basic concept since the inception of banks . You keep money in bank, they pay you for it. Except it’s actually insured unlike crypto “currency” so you can’t lose anything. You need gtfo biz

[Anonymous No.57143544]

>>57143408
I thought the same thing about Celsius. It was around for a few years, everyone was still able to withdraw, insane interests rates were gone but people were still making 4%+, and mashinsky proclaimed everything was going fine, he had no concerns, etc.
So I moved 30k in for some "safe" low risk monthly returns and boom a month later the withdrawals are closed, they declared bankruptcy, and a year later I still haven't got anything back. I'm just glad I only put 30k in instead of the 6figs I was planning.
IMO you're better off just holding treasuries or dividend stocks or sell equities monthly if you really want cash flow coming in, much lower risk and interest rates are still alright. Worst case they fall 50%, but at least you won't have to wait years for bankruptcy to play out while they rape your wallet with millions of dollars in lawyer fees.

[Anonymous No.57143545]

>>57143503
You're only making a point if you are implying that USDT or USDC have a chance of depegging.
Why would you think that's going to happen? And when?

[Anonymous No.57143559]

>>57143544
Thanks for the info anon, you're the only person here actually making a point instead of just trolling and shitposting

[Anonymous No.57143562]

>>57143439
>>57143436
>>57143418
2 more weeks until the tether collapse
>>57143466
>>57143459
>>57143451

[Anonymous No.57143583]

>>57143418
Ustc was an algorithmic stable coin you 60 IQ retard. These are the people spreading the tether fud kek. You had 2 years.

[Anonymous No.57143593]

>>57143545
Nobody knows is crypto, things look safe until they arent, have you not learned anything at all? Dont be a retard if you have money out the ass who cares but I doubt thats the case, every coin that is not bitcoin is gamble, simple as

[Anonymous No.57143599]

>>57143545
There is no insurance for crypto. I said nothing about “depegging.” If coin base goes out of business like FTX or BlockFi you can get fucked over like the anon above said with whatever exchange he used. Someone can steal it too and you can lose your account. Banks are guaranteed to have your money by the government. It doesn’t matter what happens to it. Not to mention depegging which can kill you too but that’s not supposed to happen. If you want a safe place that guarantees a return just call a bank and ask for a money market/ high yield account and some will offer over 5%. Capital one is at 5.45 and some online banks go higher. It’s not investing at all. It’s just a basic fucking concept retard.

[Anonymous No.57143660]

Fine, you all destroyed me this thread is over
/thread

[Anonymous No.57143682]

>>57143544

This I'd never trust any yields on crypto that aren't staking with no middleman. Celsius made the same claim, their yields came from interest on money they loaned out. Which on its face made enough sense, they make a personal loan at 10% or whatever, pay you 7% for providing them capital, and then pocket the spread. But clearly these fly-by-night, unregulated crypto lenders can't be trusted to maintain a balance sheet and not misuse customer deposits. Plus crypto is just way more volatile than USD, say someone took out a loan and provided $20k of some shitcoin as collateral. Then a crypto winter comes and said shitcoin's value crashes to $1k. What the fuck do they care if they lose their collateral at that point, they'll just stop paying the loan back and get liquidated. It's not at all like regular bank lending in an actual currency with a relatively stable value such as USD, and to a slightly lesser degree USDT and USDC.