Yeah #stablecoins grow 2x while net interest margins shrink 3x
Great outlook!https://twitter.com/CoinDesk/status/1250976124450021376 …
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Replying to @maxboonen
The public discussion on stablecoins has always seemed weirdly devoid of any talk about revenue...
1 reply 0 retweets 6 likes -
Replying to @SBF_FTX @SBF_Alameda
I heard Coinbase didn't realise there would be interest revenue with USDC at inception and let it all accrue to Circle. Coinbase figured it out late last year and went "wait a minute"
1 reply 0 retweets 7 likes -
Replying to @maxboonen
Lol. Yeah it generally seems unclear to me if people have net made money by building stablecoins. Interested in
@paoloardoino's thoughts on USDT--do you guys think it was a net win for you, or basically just a service to the industry?3 replies 0 retweets 1 like -
Replying to @SBF_FTX @SBF_Alameda and
To me, at least, it seems like a great product to get customers in the door. Even if it doesn’t make much money, it brongs in a ton of liquidity I bet and then that makes money. For Coinbase/Circle, this doesn’t make much sense obviously
3 replies 0 retweets 4 likes -
Replying to @lawmaster @SBF_Alameda and
I don’t think Bitfinex would be where it’s at without Tether
2 replies 0 retweets 4 likes -
Replying to @lawmaster @SBF_Alameda and
Interesting thought. Bitfinex was attracting a ton of traders in 2013 before tether. I don't think Binance would be where it's at without Tether for sure tho.
2 replies 0 retweets 3 likes
Agree with this.
Many exchanges would not be there if it wasn't for Tether. Maybe Bitfinex is one of them, maybe not 
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