I do not doubt Tether's figures and profits, I just find this billion-dollar profit very attractive. We can understand why in recent years large companies and traditional banks also want to participate in the crypto market: they want to acquire users and make money!
Tether's revenue comes from the yield on US government bonds + the minting and burning fees of USDT. At first, I thought it was quite small, but considering USDT cap of over 100B USD, I can understand that Tether is leading an extremely attractive field in the crypto market. Tether will soon be challenged by CBDC and other stablecoins, such as Ripple's stablecoin.
Just through leading the way - they may be subject to questions from the
SEC. If you don't believe me, I would like to disappoint you, anything is possible in this market. Even considering that they are leading, there is still not that much trust in them among people (who are not very familiar with cryptocurrency). And this, the most important indicator.
P.S. Once again, I would like to remind you not to forget to diversify your assets. Alternatively, don't keep all your savings in one basket.
