{"id":47304,"date":"2025-07-10T12:00:00","date_gmt":"2025-07-10T12:00:00","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=47304"},"modified":"2025-07-10T07:47:47","modified_gmt":"2025-07-10T07:47:47","slug":"tether-ako-par-it-specialistov-zo-stablecoinoveho-biznisu-zarobi-viac-ako-blackrock","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/sk\/tether-ako-par-it-specialistov-zo-stablecoinoveho-biznisu-zarobi-viac-ako-blackrock\/","title":{"rendered":"Tether: Ako p\u00e1r IT \u0161pecialistov zo stablecoinov\u00e9ho biznisu zarob\u00ed viac ako BlackRock"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Ke\u010f sa povie zisk 13 mili\u00e1rd dol\u00e1rov za rok, v\u00e4\u010d\u0161ina \u013eud\u00ed si predstav\u00ed technologick\u00fdch gigantov alebo investi\u010dn\u00fdch kolosov typu BlackRock. Tento ohromuj\u00faci v\u00fdsledok v\u0161ak tento rok dosiahla firma s nieko\u013ek\u00fdmi desiatkami zamestnancami a nepreh\u013eadnou \u0161trukt\u00farou: Tether, emitent najv\u00e4\u010d\u0161ieho svetov\u00e9ho stablecoinu USDT. Ako sa mohlo sta\u0165, \u017ee krypto startup prekonal zisky tradi\u010dn\u00fdch investi\u010dn\u00fdch gigantov? A \u010do vlastne Tether rob\u00ed, \u017ee mu to tak vyn\u00e1\u0161a?<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Obsah \u010dl\u00e1nku \u2013 Tether:<\/h2>\n\n\n<div class=\"wp-block-aioseo-table-of-contents\"><ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-digitalny-dolar-pre-krypto-svet\">Digit\u00e1lny dol\u00e1r pre krypto svet<\/a><ul><\/ul><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-ako-tether-zaraba-miliardy\">Ako Tether zar\u00e1ba miliardy?<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-tether-dalsie-zlozky-zisku\">Tether \u2013 \u010eal\u0161ie zlo\u017eky zisku<\/a><ul><\/ul><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-uspech-postaveny-na-paradoxu\">\u00daspech postaven\u00fd na paradoxu<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-tether-kritika-a-rizika\">Tether \u2013 Kritika a rizik\u00e1<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-co-to-znamena-pre-svet-financii\">\u010co to znamen\u00e1 pre svet financi\u00ed<\/a><ul><\/ul><\/li><\/ul><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-digitalny-dolar-pre-krypto-svet\">Digit\u00e1lny dol\u00e1r pre krypto svet<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tether Holdings Limited stoj\u00ed za stablecoinom <strong>USDT<\/strong>, \u010do je \u0161peci\u00e1lna kryptomena pevne viazan\u00e1 na americk\u00fd dol\u00e1r. In\u00fdmi slovami \u2013 1 USDT m\u00e1 v\u017edy hodnotu 1 USD. V\u010faka tomu sa USDT stal v kryptosvetu ak\u00fdmsi \u201edigit\u00e1lnym dol\u00e1rom\u201c, ktor\u00fd umo\u017e\u0148uje r\u00fdchle a lacn\u00e9 prevody medzi burzami, decentralizovan\u00fdmi aplik\u00e1ciami alebo jednotlivcami naprie\u010d kontinentmi bez zd\u013ahav\u00fdch bankov\u00fdch procesov.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tether tak vyplnil medzeru, ktor\u00fa tradi\u010dn\u00e9 banky dlho ignorovali: r\u00fdchle a glob\u00e1lne vyrovn\u00e1vanie obchodov. Dnes tak USDT dominuje trhu stablecoinov s podielom presahuj\u00facim 70 % a jeho trhov\u00e1 kapitaliz\u00e1cia presahuje 150 mili\u00e1rd dol\u00e1rov. To znamen\u00e1, \u017ee Tether dr\u017e\u00ed vo svojich rezerv\u00e1ch pribli\u017ene to\u013eko pe\u0148az\u00ed (resp. ich ekvivalentov), ko\u013eko je vydan\u00fdch USDT.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/tradeinfo.cz\/wp-content\/uploads\/2025\/07\/Tether-crypto-1024x683.jpeg\" alt=\"stablecoin, USDT\" class=\"wp-image-20561\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-nenechajte-si-ujst-bitmarkets-com-recenzia\">Nenechajte si ujs\u0165: <a href=\"https:\/\/crypto-globe.com\/sk\/bitmarkets-com-ako-vam-token-btmt-zlepsi-obchodovanie-s-kryptomenami\/\" target=\"_blank\" rel=\"noopener\" title=\"\">BITmarkets.com recenzia<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-ako-tether-zaraba-miliardy\">Ako Tether zar\u00e1ba miliardy?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Na prv\u00fd poh\u013ead by sa mohlo zda\u0165, \u017ee Tether len dr\u017e\u00ed dol\u00e1re na krytie USDT a poskytuje jednoduch\u00fa slu\u017ebu. Ale pr\u00e1ve v tom je ten trik:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Peniaze, ktor\u00e9 pou\u017e\u00edvatelia \u201eulo\u017eia\u201c v\u00fdmenou za USDT, neskon\u010dia niekde na be\u017enom \u00fa\u010dte bez \u00faroku.<\/li>\n\n\n\n<li>Tether tieto prostriedky mas\u00edvne investuje \u2013 predov\u0161etk\u00fdm do <strong>kr\u00e1tkodob\u00fdch americk\u00fdch \u0161t\u00e1tnych dlhopisov (Treasuries)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">V\u010faka tomu, \u017ee americk\u00e1 centr\u00e1lna banka v posledn\u00fdch rokoch v\u00fdrazne zv\u00fd\u0161ila \u00farokov\u00e9 sadzby, prin\u00e1\u0161aj\u00fa aj relat\u00edvne kr\u00e1tkodob\u00e9 \u0161t\u00e1tne cenn\u00e9 papiere pokojne 5 % ro\u010dne. A preto\u017ee Tether pod\u013ea najnov\u0161\u00edch spr\u00e1v dr\u017e\u00ed a\u017e 113 mili\u00e1rd dol\u00e1rov len v t\u00fdchto cenn\u00fdch papieroch, zisky rast\u00fa z\u00e1vratn\u00fdm tempom. Len za rok 2024 dosiahol \u010dist\u00fd zisk spolo\u010dnosti neuverite\u013en\u00fdch <strong>13 mili\u00e1rd dol\u00e1rov<\/strong>, \u010do je viac ako ro\u010dn\u00fd zisk napr\u00edklad BlackRock, najv\u00e4\u010d\u0161ieho spr\u00e1vcu akt\u00edv na svete.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-tether-dalsie-zlozky-zisku\">Tether \u2013 \u010eal\u0161ie zlo\u017eky zisku<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Okrem pr\u00edjmov z \u00farokov Tether inkasuje aj men\u0161ie poplatky za v\u00fdmenu alebo transakcie a v posledn\u00fdch rokoch roz\u0161\u00edril svoje invest\u00edcie mimo \u0161t\u00e1tne dlhopisy. Dr\u017e\u00ed napr\u00edklad zlato, bitcoiny alebo podiely v spolo\u010dnostiach z oblasti AI a d\u00e1tov\u00fdch centier. Pr\u00e1ve t\u00e1to diverzifik\u00e1cia priniesla \u010fal\u0161ie kapit\u00e1lov\u00e9 zisky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Za zmienku stoj\u00ed aj projekt <strong>Tether Evo<\/strong>, pod ktor\u00fd spad\u00e1 rad invest\u00edci\u00ed do umelej inteligencie a pokro\u010dil\u00fdch technol\u00f3gi\u00ed. Spolo\u010dnos\u0165 si tak buduje nov\u00e9 nohy, aby nebola z\u00e1visl\u00e1 len od stablecoinov a \u00farokov\u00e9ho prostredia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-neprehliadnite-napriek-neistote-prudi-na-kryptotrh-rekordny-kapital\">Neprehliadnite: <a href=\"https:\/\/crypto-globe.com\/sk\/napriek-neistote-do-kryptotrhu-prudi-rekordny-kapital\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Napriek neistote pr\u00fadi na kryptotrh rekordn\u00fd kapit\u00e1l<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-uspech-postaveny-na-paradoxu\">\u00daspech postaven\u00fd na paradoxu<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Existuje v\u0161ak aj druh\u00e1 strana mince. Tether zar\u00e1ba hlavne preto, \u017ee m\u00e1 mo\u017enos\u0165 pracova\u0165 s obrovsk\u00fdmi sumami cudz\u00edch pe\u0148az\u00ed, ktor\u00e9 mu boli zveren\u00e9 v\u00fdmenou za digit\u00e1lne tokeny. A to v\u0161etko pri minim\u00e1lnych prev\u00e1dzkov\u00fdch n\u00e1kladoch \u2013 spolo\u010dnos\u0165 m\u00e1 \u00fadajne len nieko\u013eko desiatok zamestnancov, \u017eiadne mas\u00edvne pobo\u010dky, \u017eiadne zlo\u017eit\u00e9 pobo\u010dkov\u00e9 \u0161trukt\u00fary ako banky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V tom spo\u010d\u00edva kouzlo jeho extr\u00e9mn\u00ed ziskovosti. Zat\u00edmco velk\u00e9 banky a investi\u010dn\u00ed domy mus\u00ed platit tis\u00edce lid\u00ed, pobo\u010dky, compliance, licensing, Tether operuje v\u00edcem\u00e9n\u011b \u201ena s\u00edti\u201c. Dokonce nen\u00ed ani bankou, tak\u017ee se na n\u011bj vztahuje m\u00e9n\u011b regulac\u00ed (zat\u00edm).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-tether-kritika-a-rizika\">Tether \u2013 Kritika a rizik\u00e1<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tether v\u0161ak \u010del\u00ed dlhodobej kritike kv\u00f4li netransparentnosti svojich rezerv. Hoci dnes zverej\u0148uje pravideln\u00e9 \u0161tvr\u0165ro\u010dn\u00e9 preh\u013eady overen\u00e9 aud\u00edtorom (tzv. <em>attestations<\/em>), st\u00e1le nejde o plnohodnotn\u00fd audit, ak\u00fd by na podobn\u00fa in\u0161tit\u00faciu uvalil americk\u00fd SEC alebo eur\u00f3pske regula\u010dn\u00e9 org\u00e1ny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Okrem toho m\u00e1 Tether za sebou aj \u0161kand\u00e1ly \u2013 v roku 2021 zaplatil pokutu 41 mili\u00f3nov dol\u00e1rov za zav\u00e1dzaj\u00face inform\u00e1cie o zlo\u017een\u00ed svojich rezerv. \u010cas\u0165 trhu preto st\u00e1le \u0161pekuluje, \u010di by Tether skuto\u010dne dok\u00e1zal vyplati\u0165 v\u0161etky svoje USDT, keby na neho pri\u0161iel mas\u00edvny \u201erun na stablecoiny\u201c.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">K tomu sa prid\u00e1vaj\u00fa aj geopolitick\u00e9 a krimin\u00e1lne rizik\u00e1. V\u010faka anonymite kryptotransakci\u00ed sa USDT stal ob\u013e\u00faben\u00fdm n\u00e1strojom aj pre pochybn\u00e9 aktivity. Tether s\u00edce dnes spolupracuje s \u00faradmi a zmrazuje stovky podozriv\u00fdch adries, ale jeho reput\u00e1cia v o\u010diach \u010dasti regul\u00e1torov t\u00fdm neutrpela.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/tradeinfo.cz\/wp-content\/uploads\/2025\/07\/Stablecoin-2-1024x683.jpeg\" alt=\"Tether, krypto\" class=\"wp-image-20560\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-co-to-znamena-pre-svet-financii\">\u010co to znamen\u00e1 pre svet financi\u00ed<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Tether uk\u00e1zal, \u017ee aj mal\u00e1, relat\u00edvne nen\u00e1padn\u00e1 firma z kryptosveta m\u00f4\u017ee v\u010faka jednoduch\u00e9mu biznis modelu a chytr\u00e9mu vyu\u017eitiu \u00farokov\u00e9ho prostredia zarobi\u0165 viac ako giganti tradi\u010dn\u00e9ho financovania. Je to fascinuj\u00faci pr\u00edklad toho, ako sa v globalizovanej a digitalizovanej ekonomike men\u00ed rozlo\u017eenie s\u00edl \u2014 a ak\u00e9 obrovsk\u00e9 finan\u010dn\u00e9 objemy sa dnes m\u00f4\u017eu to\u010di\u0165 mimo tradi\u010dn\u00e9ho bankov\u00e9ho syst\u00e9mu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Z\u00e1rove\u0148 to v\u0161ak vyvol\u00e1va z\u00e1sadn\u00e9 ot\u00e1zky. Ak by sa nie\u010do pokazilo \u2013 napr\u00edklad ak by sa uk\u00e1zalo, \u017ee rezervy nie s\u00fa tak robustn\u00e9, alebo by do\u0161lo k n\u00e1hlemu masov\u00e9mu odlivu prostriedkov \u2013 mohlo by to otrias\u0165 nielen kryptosvetom, ale aj \u0161ir\u0161\u00edmi finan\u010dn\u00fdmi trhmi. Preto Tether zost\u00e1va v h\u013ead\u00e1\u010diku regul\u00e1torov po celom svete.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bud\u00facnos\u0165 tak uk\u00e1\u017ee, \u010di sa Tether stane stabiln\u00fdm pilierom novej \u00e9ry financi\u00ed, alebo varovn\u00fdm pr\u00edkladom toho, \u010do sa m\u00f4\u017ee sta\u0165, ke\u010f obrovsk\u00e9 peniaze spravuje netransparentn\u00e1 \u0161trukt\u00fara mimo dosahu tradi\u010dnej regul\u00e1cie.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-pokracujte-tu-recenzia-skrill\">Pokra\u010dujte tu! <a href=\"https:\/\/crypto-globe.com\/sk\/skrill-recenzia-jednoduchy-sposob-nakupu-a-spravy-kryptomien\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Recenzia Skrill<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Ke\u010f sa povie zisk 13 mili\u00e1rd dol\u00e1rov za rok, v\u00e4\u010d\u0161ina \u013eud\u00ed si predstav\u00ed technologick\u00fdch gigantov alebo investi\u010dn\u00fdch kolosov typu BlackRock. Tento ohromuj\u00faci v\u00fdsledok v\u0161ak tento rok dosiahla firma s nieko\u013ek\u00fdmi desiatkami zamestnancami a nepreh\u013eadnou \u0161trukt\u00farou: Tether, emitent najv\u00e4\u010d\u0161ieho svetov\u00e9ho stablecoinu USDT. Ako sa mohlo sta\u0165, \u017ee krypto startup prekonal zisky tradi\u010dn\u00fdch investi\u010dn\u00fdch gigantov? A \u010do [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":47282,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[168],"tags":[124,89],"class_list":["post-47304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kryptomeny-sk","tag-krypto-sk","tag-kryptomeny-sk"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Tether: Stablecoin valcuje BlackRock #separator_sa #site_title","meta_description":"Tether \u2013 emitent najv\u00e4\u010d\u0161ieho svetov\u00e9ho stablecoinu USDT. Ako sa stalo, \u017ee krypto startup prekonal v\u00fdnosy tradi\u010dn\u00fdch investi\u010dn\u00fdch gigantov? A \u010do vlastne rob\u00ed?","focus_keyword":"Tether"},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/47304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/comments?post=47304"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/47304\/revisions"}],"predecessor-version":[{"id":47305,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/47304\/revisions\/47305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media\/47282"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media?parent=47304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/categories?post=47304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/tags?post=47304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}