Tether issues $50 million more worth of Tethers
Tethers are increasing by $50 million over the weekend and sent to Bitfinex.
Check out the wallet:
That brings the total Tethers in circulation to right around $2.5 billion:
At this time last year, there was only $350 million tether in existence.
Either a ton of money has come in via Tether, or there was a massive printing spree that happened in the last year...
I honestly have no idea which one is more likely?!
USA to win Ryder Cup is more likely 🏌️ 🏌️ 🏌️
With Tiger leading the charge?!
Yep! 🐅
Ok, I'll watch.
Printing your own money is basically the only thing that makes sense after having lost everything in this crypto bubble burst. I may launch my own coin and print as much as I want...
Seriously, who still believes, that Tether is really backed by "real" USD by that amount?
They did show bank accounts with that amount of money in them... in their defense.
I just read this: https://www.wsj.com/articles/the-mystery-behind-tether-the-crypto-worlds-digital-dollar-1534089601
Nothing more to add..
I agree with the author, @jondoe!