Tether made more than $13 billion last year

Lets rewind the clock a little over a decade ago...

We go back in time and we decide we are going to invent a stable coin to help trade bitcoin.

We invent that coin, take people's money to give them the crypto, then just hold it for them.

Doesn't sound like a great business model right?

Wrong!

You get that money and you use it to buy risk free Treasuries and other short term risk free assets.

Now you are making $13 billion a year for doing almost nothing.

(Source: https://x.com/BitcoinNewsCom/status/1885340864777494977/photo/1)

What a racket!

Why didn't I think of that?!