Estate of Columbian Cartel Kingpin Claims Tether Crypto Is Untrustworthy

The estate of the late Columbian drug lord Pablo Escobar, which is said to be responsible for countless murders and at one point, as much as 80% of the cocaine entering the United States, has called the trustworthiness of stablecoin crypto Tether into question.Escobar Inc. plans to launch an initial coin offering (ICO) for a new Ethereum-based stablecoin pegged to the U.S. dollar, that will rival current market leader Tether.Escobar Sets Sights on Ousting Trump and Tether From Leadership Positions Roberto Escobar, brother and former bookkeeper for Columbian cocaine kingpin Pablo Escobar, and Escobar Inc. are preparing to launch an initial coin offering for a new dollar-pegged stablecoin called ESCOBAR. According to the white paper, ESCOBAR will be an Ethereum-based ERC20 token tied 1-to-1 to the U.S. dollar, have a fixed one billion supply, and like Tether, will be redeemable for physical fiat dollars starting in June.While ESCOBAR’s existence is…

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