$1 billion worth of a stable coin minted USDT for 46 cents

in blog •  2 months ago 

How is somebody able to make $1 billion worth of a stable coin called USDT for 46 cents?

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How are they able to transfer that much value, which is worth more than some countries on this earth, for only 46 cents?

I need an explanation.

People don't realize this, but crypto is actually more innovative. It's not just number go up, NFTs, and meme coins. The technology is superior.

Do you realize how much this would have cost if we had a traditional, like, for example, payment remittances or something like that?

It can literally take $6 million to $25 million for a bank transfer and $1 million to $30 million with a wire transfer.

This right here is how much it would cost to move $1 billion from one country to another as somebody created that value for 46 cents.

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  ·  2 months ago  ·  

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