Every day on crypto currency exchanges, traders buy and sell tether coins as if they're just as good as dollars. Some days, more than 100 billion dollars in ther changes hands. Many of them can't handle dollars because banks won't open accounts for them,. So instead, when customers want to play abet, they need to buy some tethers first.
This week's Cover Story for Bloomberg Businessweek:
"Stablecoin Tether Grows Into Crypto World’s $69 Billion Mystery"
Read by Bloomberg's Mark Leydorf.
A wild search for the U.S. dollars supposedly backing the stablecoin at the center of the global cryptocurrency trade—and in the crosshairs of U.S. regulators and prosecutors.
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