Tether's Turbulent Impact on Cryptocurrency

This chapter analyzes the rise of asset values in financial markets, focusing on cryptocurrencies like Bitcoin and Dogecoin, amid Federal Reserve support. It examines Tether's role as a stablecoin, its regulatory challenges, and the concerns surrounding its dollar backing and market manipulation potential. The chapter addresses recent legal issues involving Tether and Bitfinex, highlighting the call for greater scrutiny and transparency in the evolving cryptocurrency landscape.