The United States has launched a cryptocurrency backed by tea
As investors withdraw billions of dollars from Tether and calculate losses after the collapse of the UST, American digital artists have created a new original cryptocurrency
It is called USDTea, ie consonant with USDT (Tether). Unlike Tether, which is pegged to the US dollar, the new cryptocurrency is provided by the AriZona iced tea exchange rate. The choice of such an unusual parity is due to the fact that the cost of the drink remains at the same level for the third decade.
USDTea is a new stablecoin, ie a cryptocurrency with a stable exchange rate by tracking the price of another asset. AriZona tea is jokingly called the most stable asset in America. Its value since 1996 is 99 cents per jar (23 ounces / 652 g).
The USDTea development team sends tea cans to anyone who invests in cryptocurrency. However, due to logistical difficulties, geography is limited exclusively to the United States. The initial issue of USDTea was 1,000 coins. All were sold out within 90 minutes. The project was supported by Don Voultaggio, owner of the AriZona brand.
