Tether (The Stable Lie)

Lyrics

[Intro]
So they say.

[Verse 1]
Call it a port in the storm, call it a digital buck.
Safe and sound, tied to the ground, if you believe in your luck.
Born in twenty-fourteen, from a server somewhere warm.
British Virgin Islands, where the financial norms are... flexible.
They said, here's the deal, it's simple and it's clean.
For every Tether token, there's a dollar behind the screen.
A solid, stable promise in a world of pump and fade.
Just don't you dare ask for the audit we never made.

[Chorus]
Oh, it's the stable lie, yeah, the stable lie.
Tell me what you're tethered to, honey, with a wink and a sigh.
One-to-one, what a lotta fun, till the numbers don't align.
Stable like a stack of pancakes, and everything is fine.
USDT, you and me, dancing on a fault line.

[Verse 2]
So where's the cash, Giancarlo? Where's the paper trail?
Just an 'attestation' in your email?
Some commercial paper, from a company I can't name.
It's all part of the fun, it's all part of the game.
Then April twenty-nineteen, the Attorney General calls.
Says Bitfinex lost a billion inside your pixel walls.
And you just patched the hole with the money from the pot.
The one you swore was sitting there, the one that maybe's not.

[Chorus]
Oh, it's the stable lie, yeah, the stable lie.
Tell me what you're tethered to, honey, with a wink and a sigh.
One-to-one, what a lotta fun, till the numbers don't align.
Stable like a stack of pancakes, and everything is fine.
USDT, you and me, dancing on a fault line.

[Bridge]
Letitia James on the line, says, 'at all times was a lie.'
Forty million dollar fine from the CFTC, bye-bye.
But the volume keeps on climbing, the biggest coin of all.
'Cause who needs proof when you've got belief before the fall?
Who needs a real dollar when the picture looks so good?
It's a house of cards, a fantasy, perfectly misunderstood.

[Outro]
Stable lie... stack of pancakes...
One-to-one... to what, exactly?
Fine, fine, everything is fine...