New Crypto Backed by “America’s Most Stable Asset”: Cans of AriZona Iced Tea

The price of AriZona Iced Tea drinks, which has always been 99 cents, has been constant throughout the ups and downs of the American economy.

Can you imagine a better asset to back a new coin?

It's hard to argue that the beverage is America's most stable asset.

The news of the 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 percent.

Hucksters

The same group behind the unofficial Non-Fungible Olive Gardens project created the USDTea, which can be redeemed for actual AriZona teas.

mossy also has a third non-fungible token project called Blockedchain, which allows people to mint NFTs when someone famous blocks them on social media.

USDTea seems to have the most potential to go anywhere, though in the world of cryptocurrencies, which saw the jokingly-named Dogecoin spike in value after Elon Musk posted the word "doge".

There were suicidal posts after the crash of the project.