We Need to Talk About Tether
Tether still can't reassure insiders about its reserves. Find out why this is an issue for all crypto investors, whether or not they own USDT.
If you invest in digital assets, you're likely no stranger to the risks of cryptocurrency. Almost every crypto conversation or article raises at least one reason to worry. Volatility? Limited investor protections? High potential for fraud? Take your pick.
Even so, there's one risk that doesn't get anywhere near as much airspace as it should: stablecoin Tether (CRYPTO: USDT). Stablecoins are pegged to real-world commodities like the U.S. dollar. They act as a bridge between crypto and fiat markets and play a key role in decentralized finance.
However, authorities worry they offer bank-like services without following the same regulations. That concern applies to all stablecoins to some degree, and Tether in particular. Tether is the biggest stablecoin by market cap, and authorities have already fined the organization for misleading investors.
