As recently as a couple of weeks ago, I've heard people claim that Tether is still "1:1 backed with USD". Oh, and: > Keep in mind that in relationship to tethe

As recently as a couple of weeks ago, I've heard people claim that Tether is still "1:1 backed with USD". Oh, and: > Keep in mind that in relationship to tether, $1.5 billion is tiny. It's only 3 days of tether printing. apparently depositing $3.5B a WEEK into some bank (unnamed of course, because Tether won't disclose). While there is a large deal of potential, and some real value in crypto, there's definitely a non-negligible portion of True Believers, the crypto equivalent of Qanon.