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Bitcoin crash? The risks behind Tether and other stablecoins

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Our weekly New Finance briefing today is about the dangers of Tether and other stablecoins for Bitcoin and the traditional financial system.

For years, a small number of experts have been concerned that cryptocurrencies such as Bitcoin are being used by the system behind Tether ( USDT) and other stablecoins could collapse. While warning words have only been heard from a minority so far, the debate has heated up in recent weeks. Stablecoins have been around for about seven years, so why is the focus of the crypto community, traditional investors and regulators now on Tether and Co. ?

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Sallie Anderson
Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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