Tether: Rubber Will Soon Meet The Road

Howard Lutnick, the US Secretary of Commerce is the guy "banking" Tether and raking in commission.

Sooner or later though the fraud will get unraveled.

 

Interesting ... one to keep an eye on
gpt'd:

Lutnick's nomination as Commerce Secretary has attracted attention due to his ties to Tether. Senator Elizabeth Warren, among others, has raised concerns about potential conflicts of interest and Tether's alleged connections to illicit finance. Despite this scrutiny, Lutnick has pledged to divest from all his crypto holdings within 90 days if confirmed. New York Post+12AP News+12Decrypt+12CCN.com+1Decrypt+1The Guardian+3The Street+3CCN.com+3

 

Step 1: https://www.ccn.com/news/crypto/circles-ipo-reshapes-global-stablecoin-market/

 

As I predicted it did not take long:

https://decrypt.co/313442/tether-usdt-us-laws-needs-new-stablecoin-ceo

Any more doubts they are a fraud?

 

Does it matter?

 

well whole crypto market is based in fraud, I would say it does matter a bit

 

It doesn't matter.... Until it does and when it does the entire house of cards collapses.

 

Tether and stablecoins payment network is growing

Eurodollars do not have this use-case

Tether and stablecoins payment network + offshore US $ = $20 Trillion market cap

 

Mostly fake money. Amazing times we live in.

 

I thought demented senile US president was bad, now we have one that endorses and protects the biggest fraud in the world(Tether).

Truly seems like things can always get worse(more absurd) before they get better.