Unraveling the Tether Mystery: Transparency and Regulation in the Stablecoin Market

Read a transcript of this episode on FT.com

https://www.ft.com/content/7be2e128-c34c-45fb-991a-1d6f16ba3cd9

The US Federal Reserve has adopted new rules banning its policymakers and senior staff from buying individual shares and a number of other investments; Donald Trump announced plans to launch a media technology business that is set to go public after it merged with a Spac on Thursday. Plus, Turkey’s central bank has defied warnings from the business world and opposition parties by slashing its main interest rate despite rising inflation and an ailing currency; short-seller Hindenburg Research has set its sights on Tether and launched a $1m “bounty” programme for information on the stablecoin company at the centre of the global cryptocurrency market. 

US Federal Reserve bans officials from trading shares in wake of scandal

https://www.ft.com/content/0b99a7a9-21be-4e67-a135-14bba49d6216

Trump to launch social media platform to compete with Twitter and Facebook

https://www.ft.com/content/0c989fd1-2e1a-4509-a478-02bb494f40de

Turkish lira tumbles as central bank slashes interest rate

https://www.ft.com/content/53d3e970-c71e-42d5-b38b-6e8ca2d32c35

Short-seller Hindenburg sets $1m ‘bounty’ for details on Tether’s reserves

https://www.ft.com/content/5b62d83d-c5f0-4586-b68c-b6facaba83a4

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael

Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 

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