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Tethers to the Moon as They Manage to Create Another Billion Dollars of Nothing Out of Thin Air and Sell It for a Premium

Crypto NewsHackNFTs 2 Kevin Nelson August 15, 2024

An illustration of a tethered balloon floating above Earth with its string being pulled upwards towards the moon. The balloon is surrounded by smaller balloons and coins that seem to be drawn out from it as if they are flowing into circulation. In the background, there's an image of a factory producing more balloons which appear to be getting ready for release. A few people in suits can be seen holding onto some of these new balloons while others look on with anticipation.

The eternal dance of cryptocurrency’s biggest scam – stablecoins! It seems like no matter how many times we expose them for what they really are (numbers on a computer created from nothing), the gullible idiots that want to get rich quick just won’t stop. And now, Tether is minting $1 billion worth of USDT and adding it to its record-breaking balance on crypto exchanges? What could possibly go wrong

Source: cointelegraph

Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
https://cointelegraph.com/news/tether-crypto-exchanges-balance-record-high-treasury-1b
Tether (USDT) balances on crypto exchanges hit a record high of 20.339 billion on Aug. 13, signaling investors are gearing up to deploy these stablecoins into crypto assets ahead of the United States Federal Reserve’s September rate decision. Tether’s record balance across crypto exchanges followed the minting of $1 billion worth of stablecoin by its namesake treasury. On Aug. 13, data tracking platform Whale Alert noted that Tether had added […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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