Does somebody know the way stablecoin issuers like Circle, Tether and MakerDAO generate profits? It is all a bit of unclear to me and after fresh occasions I’ve began to do extra due diligence about crypto merchandise. A few of them are in reality unclear or I am simply silly.
Anyhow noticed this image on Twitter.
And it made me suppose – the place are the rates of interest/margins won from? From decentralised lending platforms like Aave or from exchanges with lending? Or do they lend USDT/USDC/BUSD to establishments?
Due to whoever is helping me perceive and feature a excellent Sunday!