creator takes 1 USD, and gives back 1 USDC and vice versa How do they make money... | Hacker News

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		TekMol on March 11, 2023 \| parent \| context \| favorite \| on: USDC depegs as Circle confirms $3.3B stuck with Si... `creator takes 1 USD, and gives back 1 USDC and vice versa` How do they make money then?

nikanj on March 11, 2023 | [–]

They invest the USD. If the investments work out, they keep the profits. If they don’t, the customers just got crypto’d

humanizersequel on March 11, 2023 | | [–]

Short term treasuries. They're a liquidity provider for the US government.

true_religion on March 11, 2023 | [–]

Transaction fees I think?

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