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Tag: How does Tether make money?

How does Tether make money?

27 March 2022 Enpatika.com Genel

Tether is a cryptocurrency that is pegged to a given fiat currency, for example, the USD, as well as physical assets such as gold. Tether makes money from various fees, by issuing loans to other institutions, as well as through investments .

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Is Tether really backed by USD?

27 March 2022 Enpatika.com Genel

Tethers are not backed by USD . The value of reserves like commercial papers can not be evaluated without more transparency and an audit. It is also true for banks do not back all their deposits with cash equivalents. This approach is called fractional banking.

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