tether?
tether has unlimited supply tether is backed by usd, but who checks this and can we trust this? tether is not really decentralized
it's a memecoin
They've promised to back 1:1 but in reality they've diversified in a lot of different stuff
It's understandable btw because they're a business how can they make money if they back 1:1
Lol this has to be the most insane story ever
Fortunately it collapsed before it became way too big
It was already huge but let's say it didn't kill crypto forever
all dey have 2 do is put all the muns into treasuries and collect the imteresP
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