The Unusual Crew Behind Tether, Crypto’s Pre-eminent Stablecoin

  • Tether’s model makes the company similar to a traditional financial institution such as a bank or a money-market fund.
  • More important, it must instill confidence among its customers. If they believe their money is at risk, there could be a run on the cryptocurrency.
  • About $83 billion in tether circulated at its peak, and nearly $68 billion are currently available to the market today, according to data from CoinMarketCap.
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