How do Tether (USDT) and other stable coins make money?

[Jacksmith7]

How do Tether (USDT) and other stable coins make money? 

[oliviabacker]

Many people trade it. Have you found any reliable platform to trade yet? You see, on many services, bitcoin is the default cryptocurrency, that is, other cryptocurrencies are automatically converted to bitcoin. Therefore, before doing anything, I recommend this trustec crypto platform about Tether (USDT) interest rates and draw your own conclusions. Hope it will make sense for you. Good luck

[franksmith1863]

Good question. There are quite a few ways in which stable coins can make money. Stable coins are used by investors to reduce the risk of volatility in the price of cryptocurrencies. So investors can use these coins to fund short-term and long-term investments. These coins can be sold back to investors in return for their original cryptocurrencies. The stable coin company can also charge a fee for using their services. This can be in the form of a transaction fee or interest or any other fee. The stable coin company can also use them to invest in other cryptocurrencies. This way the coins can earn money from the risk-free interest.

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[vyndr2]

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