The New Fiat? How Tether May Be Recreating the Old Deception in Crypto
by Ram ben Ze’ev The New Fiat? How Tether May Be Recreating the Old Deception in Crypto The New Fiat Masked in Crypto When Bitcoin was born, it was supposed to be a revolt — a monetary system free from central banks, free from arbitrary inflation, a digital gold beyond manipulation. Yet today, we may be watching a new version of fiat currency emerge — not issued by Washington or Frankfurt, but by Tether. In early October, blockchain monitors observed the sudden minting of two billion dollars’...
