4min chapter

The Accounting Podcast cover image

QuickBooks? They Were On QuickBooks?

The Accounting Podcast

CHAPTER

Crypto Is a Scam?

Tether is supposed to work as a stable coin, meaning that if you give Tether $1, they will give you one Tether coin. And then you can always redeem that Tether for the dollar. All Street Journal had a story about how Tether has been increasingly lending its own coins,. Adding risks to the stable coin that is an important cog in the crypto system. David: Is this going to cause collapses in the apps we use in the accounting industry? What happens to certain apps that are built on that?

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