The Capital
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The Capital

Some thoughts about stablecoins like Tether

Photo by Jp Valery on Unsplash

Stablecoin issuer Tether has published the composition of the reserves by which the USDT stablecoin is backed. The percentage of real dollars is surprisingly low. But whether that is as damning as critics gleefully account for is hard to say.

The stablecoin Tether (USDT) has long been criticized. That’s because the dollar token, which has now reached close to $60 billion, is a mainstay of…




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