Great, now we're thirsty. Drink Up<\/p>\n
Throughout the ups and downs of the American economy, one thing has been astonishingly constant: the price of AriZona Iced Tea drinks, which always has been, and hopefully always will be, 99 cents.<\/p>\n
In other words, can you imagine any better asset to back a new stable cryptocurrency?<\/p>\n
The website for USDTea, a new AriZona Iced Tea-backed crypto, calls the iconic beverage Americas most stable asset and its hard to argue, given that a big can of the good stuff has been 99 cents since the company began distributing in 1992.<\/p>\n
News of the almost certainly tongue-in-cheek USDTea comes in the wake of the ongoing stablecoin nightmare, in which the price of the Terra stablecoin drop more than 99 percentand amid a larger crypto crash thats brought even Bitcoin to its knees.<\/p>\n
Created by the mossy tech\/art collective the same group behind the unofficial Non-Fungible Olive Gardens project USDTea is on the Ethereum blockchain and can, as its website claims, be redeemed for actual AriZona teas (for a $20 flat fee, of course).<\/p>\n
Along with these two seemingly satirical crypto projects, mossy also has a third maybe-joke non-fungible token (NFT) project: Blockedchain, which allows people to mint NFTs when, and only when, someone famous blocks them on Twitter.<\/p>\n
Of these three absurdist ventures, USDTea seems to have the most potential to go anywhere though in the world of crypto, which saw the jokingly-named Dogecoin spike in value after Elon Musk tweeted the word doge, whos really to say?<\/p>\n
More on crypto schemes:Suicidal Posts Spike After Crypto Project Crashes<\/p>\n
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More: Great, now we're thirsty. Drink Up Throughout the ups and downs of the American economy, one thing has been astonishingly constant: the price of AriZona Iced Tea drinks, which always has been, and hopefully always will be, 99 cents. In other words, can you imagine any better asset to back a new stable cryptocurrency? Continue reading
\nNew Crypto Backed by "America's Most Stable Asset": Cans of AriZona Iced Tea - Futurism<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"