Crypto Crime Cartel: Tether using its stablecoin scam to exploit El Salvador
https://coingeek.com/crypto-crime-carte ... -salvador/
Tether’s hooks are into the digital asset industry in surprising and ever-deepening ways. This makes sense. Public attention currently revolves around BTC, and the value of BTC is entirely dependent upon the printing of USDT. On top of that, a crop of exchanges are the consistent recipients of each new issuance of USDT—Bitfinex, Huobi, FTX, Binance—which is to say nothing of the Blockstreams and Strikes of the world, who propagandize about Tether and invent new ways to exploit the false belief that it is backed in order to enrich a precious few at the top of the pyramid. Blockstream isn’t just lending Tether a hand, it is in fact one of many hands belonging to Tether—and they’re all washing one another.