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Behind the Money: Tether’s path to the spotlight

FT News Briefing

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Tether and Bitfinex: Nexus of Stability and Scrutiny

This chapter examines the origins and evolution of Tether as a stablecoin, its ties to Bitfinex, and the challenges posed by regulatory scrutiny. It discusses the initial promise of Tether's one-to-one dollar backing and the subsequent complexities and criticisms surrounding its financial practices.

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