Cryptocurrency Q&A
How does Tether make money?
How does Tether make money?
Fri Jan 10 2025
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5 answers
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I'm curious about Tether's business model. How does it generate revenue or make money, considering its role in the cryptocurrency market and its relationship with fiat currencies?
5 answers
Sun Jan 12 2025
Tether earns revenue through various fee structures on its platform.
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Sun Jan 12 2025
One of the primary ways Tether generates income is by imposing transaction fees on new fiat deposits. Currently, the platform charges 0.1% for each deposit, with a minimum deposit requirement of USD100,001.
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Sun Jan 12 2025
In addition to deposit fees, Tether also levies charges for the redemption of its tokens. This ensures that the platform can maintain its liquidity and operational efficiency.
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Sat Jan 11 2025
Furthermore, Tether imposes a verification fee for new accounts. This fee covers the cost of conducting the KYC (Know Your Customer) process, which is crucial for ensuring the security and legitimacy of transactions on the platform.
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Sat Jan 11 2025
As a leading cryptocurrency exchange, BTCC offers a wide range of services. These include spot trading, futures trading, and a secure wallet for storing digital assets.
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