aidankaradza on Nostr: Tether made $10 billion in PROFIT last year, with just 100 employees. Ridiculous. ...
Tether made $10 billion in PROFIT last year, with just 100 employees.
Ridiculous. 🤯
Tether (USDT) is the world’s biggest stablecoin, pegged 1:1 to the U.S. dollar.
For every $1 deposited, 1 USDT is minted.
To maintain the peg, Tether holds an equivalent amount of U.S. dollar assets (like T-bills) in reserve for each token issued.
USDT gives people worldwide access to a digital dollar with just an internet connection.
It makes sending money across borders nearly instant, without relying on traditional banks.
The demand for USDT is massive worldwide.
Tether took home over $10 billion in 2024.
That's $100M per employee. Not bad eh?
Most of their profit comes from the interest they earn on their massive reserves, which now exceed $100 billion in US Treasuries.
They hold more US debt than Germany, Australia, and the UAE.
They prefer short-term T-bills to sweep their interest earnings into Bitcoin and other investments as quickly as possible.
Makes sense.
Why hold long-term treasuries when debasement is eating the real value of those dollars?
The US must love Tether buying up all that debt, especially as global demand for it seems to be decreasing.
But using USDT completely bypasses the traditional banking systems.
I doubt the US is thrilled about that.
It’ll be interesting to see how the Trump camp handles stablecoins.
Will they embrace them or try to shut them down?
My guess is they'll embrace them.
#Tether 🇸🇻
Ridiculous. 🤯
Tether (USDT) is the world’s biggest stablecoin, pegged 1:1 to the U.S. dollar.
For every $1 deposited, 1 USDT is minted.
To maintain the peg, Tether holds an equivalent amount of U.S. dollar assets (like T-bills) in reserve for each token issued.
USDT gives people worldwide access to a digital dollar with just an internet connection.
It makes sending money across borders nearly instant, without relying on traditional banks.
The demand for USDT is massive worldwide.
Tether took home over $10 billion in 2024.
That's $100M per employee. Not bad eh?
Most of their profit comes from the interest they earn on their massive reserves, which now exceed $100 billion in US Treasuries.
They hold more US debt than Germany, Australia, and the UAE.
They prefer short-term T-bills to sweep their interest earnings into Bitcoin and other investments as quickly as possible.
Makes sense.
Why hold long-term treasuries when debasement is eating the real value of those dollars?
The US must love Tether buying up all that debt, especially as global demand for it seems to be decreasing.
But using USDT completely bypasses the traditional banking systems.
I doubt the US is thrilled about that.
It’ll be interesting to see how the Trump camp handles stablecoins.
Will they embrace them or try to shut them down?
My guess is they'll embrace them.
#Tether 🇸🇻