Sadly the scheme behind crypto extends well beyond tether. This is what happens when you have money sloshing around unregulated market with very loose margin and leverage limits, free money afforded by central banks, and an absolute mania.
For sure. The circular dependencies and the turtles-all-the-way-down nature of the crypto ecosystem is kind of terrifying to behold. Like watching a car crash. I have a feeling that this all will unravel exactly as everyone has predicted; but at a time no one expects.
