Yup. And here's where all the problems with stable coins start. This is why all the hatred against stablecoins and so on.

There's an old saying about high prices, the approx translation would be "It's not the one asking (the high price) the stupid one, it's the one who's paying that." We keep blaming Tether/Bitfinex, but they actually play with everybody's greed. Interesting that nobody speaks up asking all exchanges ban Tether, for example...