The post Inside Tether’s Strategy: $6.2 Billion in Annual Profits appeared first on Coinpedia Fintech News
Critics often claim that blockchain technology hasn’t produced real products and is only used for speculative trading. In response to the critics, Trader and entrepreneur Anthony Pompliano dismissed the idea, highlighting Bitcoin as an $850 billion asset, with $600 billion held by long-term holders, proving that people believe in digital assets more than Gold or other financial products. Pointing specifically to stablecoin Tether, he said it has emerged as a significant blockchain application and a ruling example that stablecoins are real.
Tether Slays Blockchain Skeptics with Billion-Dollar Win
He explained the statistics in his X post, Tether, with almost $100 billion in various fiat currencies tokenized on different blockchains, has become the 16th largest holder of US Treasury bonds. Despite facing criticism and attacks in the current unregulated framework, he believed t
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