The Bit Short: Inside Crypto’s Doomsday Machine | by Crypto Anonymous | Jan, 2021 | Medium
What an article on fake Tethers in crypto market.
Tether Ltd. also says one Tether is worth exactly one US dollar. Can they do that? Well they say they can, because they hold $1 worth of assets for each Tether. But are those assets actual dollars? No, they are not. So what if the assets go down in value? Don’t worry; they will not. Okay, but can we at least see the assets? No, you may not.
Plus it explains so many other concepts so well.