[retpirato]

I've never even heard of tether, & I doubt I'm the only one.

[k__]

I only heard of it because I had the idea of Tether after Tether, so I found it while Googling.

But it seems it wasn't that good of an idea, so no FOMO.

[Kiro]

You can't earn money on Tether (the value is always $1) so there's no ground for FOMO.

[david-gpu]

The company that issues tether can invest the proceeds into a money market and get some meager interest. If that float is large enough, they can make a killing in absolute terms. Presumably that's what the grandparent means.

[skookum]

The company that issues Tether can issue it without receiving any USD. If that issuance is large enough, they can make a killing in absolute terms.

[throwaway66920]

notably tether doesn’t guarantee the right to redeem the tokens for dollars, so they can do whatever they want

[abstractbarista]

Interestingly, Tether has "broken the buck" before, trading below (or sometimes above) $1 parity.