- As suspected it appears that Tether prints dollars from thin air and uses Bitcoin as collaterol. This is literally what USTerra/luna scheme did, backing their "dollars" with Bitcoin. Celsius is suing Tether over this due to a disagreement. https://cointelegraph.com/news/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloff 3 comments btc
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