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Tether, which is apparently backed by Bitcoin itself, fits the bill. They've printed $20 billion (BILLION!) new USDT since the start of the year, and the rate
by Clewza313 6y ago
Tether, which is apparently backed by Bitcoin itself, fits the bill. They've printed $20 billion (BILLION!) new USDT since the start of the year, and the rate of Tether printing is currently over 4x faster than the rate at which new Bitcoin is being mined. And like Madoff's scheme, it can keep going until the tide goes out and we find out who's been swimming naked.
- randomguy5421 6y agoI sold a month or so ago. I'd rather not hold the bag in the end, but at the same time I figured this thing can keep running so long as Tether is there to prop it up. Tether just printed another 2 billion USDT today, and didn't they print another billion USDT a few days ago?