Controversial ‘Stablecoin’ Tether Is Now the 10th-Largest Cryptocurrency

Embattled “stablecoin” tether has become the 10th-largest cryptocurrency. Tether’s eponymous token, which the company claims is backed by physical USD at a 1-to-1 ratio, has long been controversial in cryptocurrency circles, and debates over whether it presents the industry with a systemic risk have increased over the past 18 months in lockstep with USDT’s swelling
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