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James Lavish: How Tether Became a Money-Making Machine #tether
James Lavish breaks down one of the biggest mysteries in crypto: Tether (USDT). Stablecoins like Tether are pegged to the U.S. dollar, functioning as digital dollars worldwide. But here’s the twist—while holders don’t earn yield like in a money market fund, Tether earns billions by investing reserves in U.S. Treasuries. That makes Tether ...
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