4 ms·
Biden to Congress: Put Stablecoins Under Federal Supervision – Or We Will
- jqpabc123 5y agoRegulate Tether and Bitcoin will tank. More than half of all Crypto trades involve Tether. Tether remains pegged at $1USD despite lacking the backing to justify it. In the old days, this sort of coordination and collaboration to inflate and control the supposedly "free market" price of an asset would have been labeled as "fraud".
- good8675309 5y agoAudit the Federal Reserve and the US Dollar will tank.
- jqpabc123 5y agoUSD is tanking --- it's called "inflation". When the Fed prints USD and hands it out like candy on Wall St., the value of the USD in your 401K declines. This is the natural result in a "free market". When Tether mints USDT and hands it out like candy to selected accomplices, the value remains pegged at $1USD and the value of BTC goes up. There is nothing "free market" about this. This is evidence of collusion between crypto exchanges to keep the price of USDT pegged no matter what and to drive BTC up --- also known as "fraud".