Big crypto guy here; Tether is the bain of crypto. It is a centralized medium, that is accepted on centralized exchanges as fact with no audit on how much asset to coin ratio exists. Tether can print as many USDT as they want, buy up all the BTC on 100x leveraged long and no one would be the wiser. BTC's $700B market cap could be fairy dust and no one can know.
arrrgr|4 years ago