Can somebody clarify why is Tether being focused ? Even USDC additionally solely have 61% money and money equal backing.
I too had thought Tether minting new USDT with out correct backing is loopy. However after watching this and attending to know all of the personal banks does the identical factor, I could not cease considering WTF and who even proposed the concepts for our debt based mostly financial system.
(Watch this absolutely to get clear concept about my remark) Cold Fusion – How money is created?