Comment by rtkwe

I'm continually surprised USDT doesn't unpeg. Going from "100% backed" by USD reserves as questionable as that was to being backed by a mix of crypto holdings (who's price is heavily affected if USDT is pumping money into crypto) and commercial paper really didn't seem to have any affect on it's use. For all the winging about money printing and crypto not being printed USDT is seemingly a huge money printer forming a pretty central part of the crypto economy.