Tether is a stable coin right? How can we profit by investing in tether coin when it is a stable coin. Stable coins were created to minimize the risk associated with the volatility of crypto currency.
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There are very minor changes in the value of these coins and therefore if you are able to actually take the time in order to invest a large amount then you can make quite a bit of profit on it.I don't think it's possible to invest on stable coins. Most of the stable coin have almost the same value of the dollar. So, investing on such coin would mean a total waste of the time. You could use it to hold your funds in cryptocurrency wallet.
That's another informative idea but it is very rare for you to see stable coin move above the dollar. It's always a little below $1and that's going to be very difficult to make money from. Have you seen the stable coin go past the dollar?There are very minor changes in the value of these coins and therefore if you are able to actually take the time in order to invest a large amount then you can make quite a bit of profit on it.