Love it or hate it, the Tether business model is insane.
It’s essentially a US Treasury royalty company.
Discussion
Getting someone else to buy a note and getting to keep the coupon is an auspicious model indeed.
Normies buying US debt
They are absolutely crushing it!!!
Truth.
Probably the single best business model in history. The revenue per FTE is off the charts.
Interesting to also see derivative flows with Tether investing in Rumble and Cantor taking ownership in Tether
Tether is great until you realize that you have to use Ethereum and then you get to deal with fees that are totally stupid. But maybe that changed. Strike is using the Tron chain. So Tether is not really an independent product. It's on various chains and it's based on the dollar.
I don't think it's that useful but Tether on Tron or Binance chain is popular outside of the US. Both Tron and Binance have chains that try to encourage Ethereum developers to make products and laterally move to their chains.
It's way too confusing for me even though I have experimented with them in the past and I just wasted time and money.
indeed mate😁
Tether equity is like central bank equity for the next century.