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RE: The Blockchain Brief: I'm Calling Bullshit on Tether
With fees, Tether are actually making a ton of money every day, right? This is the part that I'm most interested in reading about, but can't find much info on it anywhere.
Thanks for sharing your thoughts from the newsletter over here on Steemit for us all to read.
Exchanges profit on the trading fees as well as the transfer fees if I'm not mistaken. Don't see how Tether benefit from this.
According to the fees section on the Tether website, Tether charges a 0.1% fee any time USD is converted into Tether, or converted from Tether to USD.
Ah right thanks for the info. However, USD to USDT trading accounts for less than 2.7% of all Tether trading currently according to CMC so the fees they garner from that are negligible I reckon.