Yes. And there's literally nothing stopping them from creating a hundred times that or more out of nothing and using it to trade for other cryptos on exchanges that support USDT
Yeah the tether is around bitcoin's neck. They will use it to crash the price if things get too out of their control. Fortunately tether is not the only stablecoin, so hyperinflating tether seems unlikely to destroy the whole industry.
A whole billion?
Yes. And there's literally nothing stopping them from creating a hundred times that or more out of nothing and using it to trade for other cryptos on exchanges that support USDT
Yeah the tether is around bitcoin's neck. They will use it to crash the price if things get too out of their control. Fortunately tether is not the only stablecoin, so hyperinflating tether seems unlikely to destroy the whole industry.