[quangv]

I kinda of think this is causing the current housing prices bubble.

[intuitionist]

Tether’s total (on-chain) liabilities sum to a bit less than two months’ worth of Federal Reserve purchases of agency mortgage-backed securities. They’re huge, if they’re a fraud they’re probably the biggest ever, but in macro terms they’re small fry.

[tehlike]

inflating crypto prices, people end up diversifying into real estate.

[jeraldv]

More generally, this concept of creating money out of thin air, yes.

[lilSebastian]

Care to explain?

[newsbinator]

Please elaborate