U.Today: Max Keizer, vocal supporter and former financial journalist, posted a tweet to criticize one of the top altcoins in terms of market capitalization: XRP.
Furthermore, Keizer also revealed why millions of people are exchanging their fiat money for Tether's USDT.
Max Keizer on XRP and Brad Garlinghouse
In a recent tweet, Keizer once again stated that he expects XRP to continue falling to zero against Bitcoin.
He went even further when he claimed that XRP was created by Brad (Garlinghouse), the CEO, “to steal billions from dumb fools.” Keizer chose not to mention that XRP emerged several years before Garlinghouse took the CEO role at Ripple Labs.
Keizer praises USDT centralized stablecoin
He then explained why many people are switching their fiat currencies to USDT, which runs on multiple chains, including Tron and , to gain access to banking services. “Millions of people exchange their fiat money for Tether because they don't have bank accounts or access to banking services,” she tweeted, and “use Tether like it's USD.”
In the last 24 hours, Tether has issued a whopping $1 billion worth of stablecoins on the Tron chain. Last year, this company issued 31 billion USDT on both Tron and Ethereum, according to a tweet posted by @lookonchain Analytics X.
However, Keizer's support for Tether can be explained by the fact that Tether recently began allocating part of its profits to purchasing BTC.
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Keizer is certain that these actions are destroying the US dollar as a global reserve currency “by issuing a fake version used by millions and putting the interest from investing in US Treasury bonds into Bitcoin.”
This article was originally published on U.Today.
