Crypto Winter Is Coming w/ Jacob Silverman
Tech Won't Save Us
00:00
Stable Coins and Tether
Stable coins are tokens or currencies, like any other crypto currency. They are pegged to an existing fiot currency, usually, and aare supposed to be at a constant value. One tether is worth one dollar. 70 % of bitcoin trading is done in tether - meaning people are using tether as the the currency to get in and out of bitcoin. The great fear is that it will somehow break its peg; there'll either be a run on tether where people try to redeem itself through te exchanges or through tether itself. And this would happen if there's yet an action against tether which has been alreayly slumely slaps on the wrist,. Ye, i think they look
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