12-06-2021, 09:00 AM
Tether (USDT) created $1,500,000,000 Worth of USDT Out of Thin Air in the Last 24h:
<!-- SC_OFF --><div class="md"><p>In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air.</p> <p>Nowhere it is documented where the money which was just created comes from and where it actually went.</p> <p>Before 2019 Tether claimed 100% of its reserves would be backed by actual cash</p> <p>Suddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and <em>cash equivalents</em>"</p> <p>A pie chart (yes, this is how they want to proof their reserves) released by Tether in 2021 revealed that only 2,9% would be backed by cash</p> <p>How much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess</p> <p><a href="https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9">(source 1)</a> <a href="https://whale-alert.io/transaction/tron/1a23f7a875deb2120f7efca0b426772737c3d2fc1f51b07ba9f9418d8027552f">(source 2)</a> <a href="https://coinmarketcap.com/currencies/tether/">(source 3)</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9fni8/tether_usdt_created_1500000000_worth_of_usdt_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9fni8/tether_usdt_created_1500000000_worth_of_usdt_out/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air.</p> <p>Nowhere it is documented where the money which was just created comes from and where it actually went.</p> <p>Before 2019 Tether claimed 100% of its reserves would be backed by actual cash</p> <p>Suddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and <em>cash equivalents</em>"</p> <p>A pie chart (yes, this is how they want to proof their reserves) released by Tether in 2021 revealed that only 2,9% would be backed by cash</p> <p>How much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess</p> <p><a href="https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9">(source 1)</a> <a href="https://whale-alert.io/transaction/tron/1a23f7a875deb2120f7efca0b426772737c3d2fc1f51b07ba9f9418d8027552f">(source 2)</a> <a href="https://coinmarketcap.com/currencies/tether/">(source 3)</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9fni8/tether_usdt_created_1500000000_worth_of_usdt_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9fni8/tether_usdt_created_1500000000_worth_of_usdt_out/">[comments]</a></span>Kind Regards R