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๐จ๐งต1/ฮฉ
does anyone find it kind of... ๐๐๐๐๐... that at any point in time there was more or less the exact same amount of #Tether on #Ethereum as on #JustinSun's #TRON?
it's almost as if #Tether was minting 2 $USDT for each $1 in #USD backing, one on each chain...
ฮฉ๐ฮฉ
does anyone find it kind of... ๐๐๐๐๐... that at any point in time there was more or less the exact same amount of #Tether on #Ethereum as on #JustinSun's #TRON?
it's almost as if #Tether was minting 2 $USDT for each $1 in #USD backing, one on each chain...
ฮฉ๐ฮฉ
๐จ๐งต2/ฮฉ
I mean I guess we shouldn't really worry about it given that almost 100% of the $USDT on the #Tron blockchain was created for use by #SBF on his exchange #FTX. The #FTXScam is basically an honest exchange run by honest folks, right? #FTXScam
(h/t @DataFinnovation)
ฮฉ๐ฮฉ
I mean I guess we shouldn't really worry about it given that almost 100% of the $USDT on the #Tron blockchain was created for use by #SBF on his exchange #FTX. The #FTXScam is basically an honest exchange run by honest folks, right? #FTXScam
(h/t @DataFinnovation)
ฮฉ๐ฮฉ
๐จ๐งต3/ฮฉ
Internet sleuths have been able to locate roughly half of the cash that backs $USDT. Surely any day now someone will stumble on all those tens of billions of dollars worth of "treasuries" that were formerly called "commercial paper"... (h/trick @DataFinnovation)
ฮฉ๐ฮฉ
Internet sleuths have been able to locate roughly half of the cash that backs $USDT. Surely any day now someone will stumble on all those tens of billions of dollars worth of "treasuries" that were formerly called "commercial paper"... (h/trick @DataFinnovation)
ฮฉ๐ฮฉ
