Out of the ruins of the TerraUSD (UST) collapse rises a new stablecoin — USDTea, the first of its kind — that is backed by a can of, well, iced tea. Whether intended as satire or not, USDTea has joine...
Tag: iced
Terra’s Implosion Births Crazy Stablecoin Backed by Iced Tea
After TerraUSD (UST) de-pegged from the U.S. dollar, dragging with it billions of investors’ funds, a new stablecoin backed by cans of iced tea has risen like the phoenix. Satire or not, USDTea, a new...
USDTea story – how 99 cents priced AriZona iced tea became a satirical stablecoin
Out of the ashes of the TerraUSD (UST) collapse ‘rises’ a new stablecoin backed by a can of AriZona Iced Tea. Three tech artists, dubbed Mossy, decided to launch this new stablecoin backed by America’...