Why is Tether 213% bigger than Circle but 8,000% more profitable?

Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
Filings reveal that Techteryx, the firm behind TrueUSD, required a loan from Justin Sun after its reserves got stuck in First Digital Trust.
According to new research, the 27 tokens listed by crypto exchange Binance this year have seen an average loss of 44%.
Of the $68T worth of assets in 10 major US brokerages, a majority might still be restricted from investing in BTC products.
Tether has been minting USDT and buying bitcoin. MicroStrategy, Trump and others have bought more but why does the price keep crashing?