Why are stablecoins all the rave? How can I profit?

>>60491147 (OP)
Well... hold stablecoins for example? And maybe (be careful, this is very avant-garde) earn a return on them.

>>60491156
Sure thats profitable but not that much. This is /biz/ not reddit

>>60491147 (OP)
Stablecoin regulation not stablecoins

>>60491161
Not much? Tether makes 12 billion profit with minimal efford

>>60491147 (OP)
>How can I profit?
frax, curve, resupply

>>60491161
>he doesn’t know

>>6049117
I guess depending how you gauge it, they say Tether is the most profitable per employee company in history. They were making 8 billion in profit with 10 people at one point.

>>60491147 (OP)
US dollar is the only currency that hasn't failed(yet)
the entire planet wants dollars
tether network accounts for massive daily USD transactions globally.
NO BANKS required. Their is an entire global economy running on tether transacting billions daily.
Lutnick and Bessent need someone to buy US treasuries, and Tether is in the top 10 now and growing, other stables will also need to buy as reserve asset.
thats why.
This was always what was going to happen, only tether and circle knew it though...

>>60491511
Ok but how can I profit off that. Obviously all crypto will go up but I mean profit bigly

>>60491511
Doesnt that effectively just create hyperinflation? How do you do a 1:1 redemption with a fiat currency they print out of thin air? I know they have reserves but FTX lied and was fucked over

>>60491147 (OP)
Buy AAVE. As the stablecoin market explodes so will TVL on AAVE. More TVL = more revenue to AAVE.

Just look at the correlation between AAVE's TVL and the price of the governance token. It doesn't get spoken about much here because if we do get a genuine alt season then AAVE is going to be far and away one of the winners.

>>60491522
that's the joke, you don't!
seriously though, tether is now tied in with actual wall street...cantor fitzgerald. The days of printing tether and buying btc like the old bitfinex days are behind them now, tether is way less shady and now big enough that if they fuck around to much they will go to prison and they know it. they are also deep into cia/nsa which is how they move money around for countless black ops/influence/who the tf knows what.
tether is to big and important to fail now,its literally in everyones interest that things keep going well in tether land.

>>60491529
>Buy AAVE.
fuck off you fucking freak

>>60491529
>governance token
Ill stick with LINK.

>>60491522
>Doesnt that effectively just create hyperinflation?
The banking system does that when they loan out your deposit at 30x leverage.
The only way to keep the ponzi going is for their to be US dollar demand for transactions....
ie...
you have stables to run your weekly budget, if you want to save buying power, you buy bitcoin.
that's how this is playing out.
ripple, link, solana, whatever...they are all irrelevant and 100% a sideshow now. web3 is paused and may never come back, but if it does ethereum will be the winner, but its anyones guess if it ever comes back.

>>60491516
>Ok but how can I profit off that. Obviously all crypto will go up but I mean profit bigly
you buy bitcoin.
unless you already have millions, then you earn yield on stablecoins.