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RE: The Blockchain Brief: I'm Calling Bullshit on Tether
Exchanges profit on the trading fees as well as the transfer fees if I'm not mistaken. Don't see how Tether benefit from this.
Exchanges profit on the trading fees as well as the transfer fees if I'm not mistaken. Don't see how Tether benefit from this.
According to the fees section on the Tether website, Tether charges a 0.1% fee any time USD is converted into Tether, or converted from Tether to USD.
Ah right thanks for the info. However, USD to USDT trading accounts for less than 2.7% of all Tether trading currently according to CMC so the fees they garner from that are negligible I reckon.