Tether is the largest stable coin us. D c, which you mentioned a minute ago, is the second largest. And before this all happened, terra or us t was the third largest stable coin in the crypto eco system. What we saw in the past week is its peg did waver very slightly for a little while. The actual history of tether is not well described by what i just said, and so that's part of the complicating feature here.
Paris Marx is joined by Bennett Tomlin to discuss last week’s crash of Terra and Luna, the problems with stablecoins, and whether this collapse will finally force regulators to take action on cryptocurrency.
Bennett Tomlin is a co-host of Crypto Critics’ Corner and writer of the FUD Letter. Follow Bennett on Twitter at @BennettTomlin.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
Find out more about Harbinger Media Network at harbingermedianetwork.com.
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