The US launched a cryptocurrency backed by the exchange rate of tea

While investors are withdrawing billions of dollars from Tether and calculate the losses after the crash UST, American digital artists have created a new original cryptocurrency.

What is known

It is called USDTea, i.e. consonant with USDT (Tether). Unlike Tether, which is pegged to the US dollar, the new cryptocurrency provides the rate of iced tea Arizona. The choice of such an unusual parity is due to the fact that the cost of the drink has been at the same level for the third decade.

USDTea is a new stablecoin, i.e. a cryptocurrency with a stable exchange rate by tracking the price of another asset. Tea Arizona jokingly called America's most stable asset. Its cost since 1996 is 99 cents per can (23 oz / 652 g).

Development team USDTea sends cans of tea to anyone who invests in cryptocurrency. However, the geography, due to logistical difficulties, is limited exclusively to the United States. Initial issue USDTea amounted to 1000 coins. All were sold out within 90 minutes. The project was supported by Don Vultaggio, the owner of the brand Arizona.

Source: USDTea