Hacker News Reader

Yes, through redemptions. So we know $10s of billions is real — at least!

It’s a stablecoin, so market cap is simply the amount printed.

Keep investing in that hopium, cryptobro.

I prefer “Bitcoiner”, I’m not into ‘crypto’, bro.

HN needs more parody accounts. Thank you for your service.

The problem is that if Tether is under-collateralized, redemptions bring it closer to bankruptcy.