[tzone]

While I am no huge volume arbitrageour/market maker, I actually make a living running arbitrage systems and market making systems specifically for stablecoins.

I do consider to know what I am talking about, considering my systems make hefty profits and have no real exposure to volatile crypto assets (or even long term exposure to crypto in general, my profits are in real world dollars). This is why I know that USDT has actual real utility and it is currently best instrument in its category. USDT is indeed somewhat shady but it’s premise and utility are all sensible and it is hugely profitable for its founders. They have zero reasons or incentives to do suspect things that could risk its peg.

If something goes horribly wrong for USDT it is going to be due to incompetence and not because of some long term planned con.

[qeternity]

I'm not really sure what you're getting at here. If you're generating income but arbing stablecoins, then you know exactly what I'm talking about. I can say with near certainty that you have never, and never will, directly mint or redeem Tether...which proves my point.

> This is why I know that USDT has actual real utility and it is currently best instrument in its category.

I don't disagree at all.

> If something goes horribly wrong for USDT it is going to be due to incompetence and not because of some long term planned con.

You can't be serious...

[LittlePeter]

Market making on crypto exchanges is difficult because of high fees, small tick sizes, and minuscule spreads. Of course you can get volume discounts, but still.

On which exchanges do you trade and do you rely on volume discounts to make profit?