https://x.com/JacobKinge/status/1864699927105868162
Stablecoin issuer Tether minted an additional $3 billion in USDt tokens on Nov. 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin as it neared the $100,000 price level.
Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.
https://cointelegraph.com/news/tether-mints-additional-3-billion-usdt-stablecoins
This will end in tears.
Tether is not even a US company
They audit themselves and say “trust me bro”. https://www.blakeoliver.com/blog/tethers-109-billion-question-wheres-the-audit
This will end up being one of the biggest scams in our lifetime. IMO- If you have crypto get the fuck out before it’s too late, this will absolutely crash everything when the house of cards finally falls.
h/t Educational_Ice_6077