furio

Bloomberg.com

Tether Stablecoin Stability Rating Reduced to ‘Weak’ at S&P

The ability of Tether’s USDT stablecoin to maintain its peg to the US dollar has been downgraded to the lowest rating by S&P Global Ratings, ...

S&P says tether, with 70-80% reserves in USTs is “weak.” Now do JPM. And tradfi inflooencers spike the football that this proves tether is a scam.

The left had control of the narrative until Elons hostile takeover of twitter. The twitter files beget mea culpas from tech titans and sunshine on the abuse of power from government. Now the whipsaw effect of the suppression of *anything other than far left narrative engineering* for an entire generation is coming to a head. Sorry not sorry to the liberal screechers. You owe the moderates, the old school liberals, and the entire right wing a huge apology that I realize will never come. The narrative is not in your hands any more. It only gets more violent when the wealthy liberal power players who used to have control realize their grip slipping away. I fear we have only begun the rocky road toward a non-leftwing narrative driven society.

Massive fail of bitchat experiment today. Attended an event with 100,000 of my closest friends, which usually causes cell service to choke, and it did. So I preloaded 4 contacts into bitchat and wanted to use it as a backup, but still never had any in the mesh network. One contact standing next to me was even spotty. If 50 people in the event had the app it would probably have worked, but it’s still useless for its major use case at this point.

Bitcoin taking a 38 basis point *of the total supply* market sell order and boom back in the range band is quite impressive and super bullish. Shorts are nervous rn.