Luna landing: Crypto chaos
The Intelligence from The Economist
00:00
Tether's Fall Doesn't Matter Just to People Who Hold Terror
At its peak, terrar was worth about 18 million dollars. It's now approximately zero - although it still has a little bit of market cap. Tether also slipped from its peg and dipped down to 95 cents briefly last thursday. But tether is backed by corporate debt, cash and treasury bills. So they operated on sort of completely different systems.
Transcript
Play full episode
