Tether (USDT) created $1,500,000,000 Worth of USDT Out of Thin Air in the Last 24h: Nothing of it is backed by actual Cash

In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air.Nowhere it is documented where the money which was just created comes from and where it actually went.Before 2019 Tether claimed 100% of its reserves would be backed by actual cashSuddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and cash equivalents"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 cashHow much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess(source 1) (source 2) (source 3)

Submitted December 05, 2021 at 08:23PM