They are a crypto that is “tethered” to the USD. This creates liquidity in the crypto market by allowing traders to get in and out of crypto positions quickly. Every Tether is supposed to be backed by a real USD... but it’s not. They just create 100s of millions of new Tethers. This injects liquidity into the crypto market. More fake dollars chasing the same number of Bitcoins, driving up the price of Bitcoins and other cryptos.
They are a crypto that is “tethered” to the USD. This creates liquidity in the crypto market by allowing traders to get in and out of crypto positions quickly. Every Tether is supposed to be backed by a real USD... but it’s not. They just create 100s of millions of new Tethers. This injects liquidity into the crypto market. More fake dollars chasing the same number of Bitcoins, driving up the price of Bitcoins and other cryptos.
So basically they control the crypto key needed to create new coins so they don’t have to “mine” they can just “print”?
Yea that’s a major scam.
And the opposite of what bitcoin was supposed to be, but a very clear sign of what it's been positioned to become and do.
FED gonna FED