Tether And The Great Crypto Ice Age

Written by gcuofano | Published 2021/06/21
Tech Story Tags: blockchain | cryptocurrency | bitcoin | tether | stablecoin | business | finance | financial-markets | web-monetization

TLDR Some have labeled Tether as the Lehman Brothers of crypto, with the potential to send crypto to a glacial age, that might prevent its further adoption for a decade. Vitalik Buterin highlighted something that might have opened Pandora's box. Tether had since the start a clear mission, that facilitating the exchanges across digital currencies, by providing what's called a stable currency pegged to an underlying asset. In the crypto space, without a last-resort authority in charge of preventing systemic risks, as everything goes awry, can this just mark the end of it all?via the TL;DR App

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Written by gcuofano | Creator of The Business Engineer, a top business tech newsletter born from a decade of research in high-tech.
Published by HackerNoon on 2021/06/21