Cryptocurrency Q&A
How does Tether make profit?
How does Tether make profit?
CryptoVeteran
Mon Jan 06 2025
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5 answers
515
I'm curious about how Tether generates its profits. Is it through transaction fees, or does it have some other business model? I'd like to understand the mechanisms behind its profitability.
5 answers
KpopHarmonySoulMate
Wed Jan 08 2025
The current transaction fee for depositing fiat currency on Tether's platform is set at 0.1%.
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Elena
Wed Jan 08 2025
There is also a minimum deposit requirement of USD100,000 for users to initiate a deposit.
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EthereumEliteGuard
Wed Jan 08 2025
In addition to deposit fees, Tether charges fees for the redemption of its tokens.
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Federico
Wed Jan 08 2025
For new accounts, Tether levies a verification fee as part of its KYC process.
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Elena
Wed Jan 08 2025
Tether generates revenue by imposing transaction fees on new fiat deposits on its platform.
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