Tether reportedly generated $16.4 million in 24 hour revenue, putting it ahead of Tron at $8.1 million and Circle at $6.6 million.
That’s a significant gap, especially considering how much of Tether’s income comes from the reserves backing USDT rather than transaction fees. Its holdings in assets like US Treasury bills generate interest, creating a major revenue stream as USDT supply grows.
This highlights an important part of the stablecoin business: issuing a dollar pegged token can become an extremely profitable operation at scale.
For the wider market, stablecoin adoption isn’t just about transaction volume anymore. It’s also creating a powerful financial business around reserve management.
Tether is showing just how much money can be made behind the scenes of crypto.
#BTC Price Analysis# #Macro Insights# $BTC $TRX
That’s a significant gap, especially considering how much of Tether’s income comes from the reserves backing USDT rather than transaction fees. Its holdings in assets like US Treasury bills generate interest, creating a major revenue stream as USDT supply grows.
This highlights an important part of the stablecoin business: issuing a dollar pegged token can become an extremely profitable operation at scale.
For the wider market, stablecoin adoption isn’t just about transaction volume anymore. It’s also creating a powerful financial business around reserve management.
Tether is showing just how much money can be made behind the scenes of crypto.
#BTC Price Analysis# #Macro Insights# $BTC $TRX
