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
As the podcast celebrates episode 100, Paris Marx is joined by Jacob Silverman to discuss the huge drop in crypto prices, the coming threat (to crypto) of interest rate hikes and regulation, the human impact of crypto schemes, and where things may be going next.
Jacob Silverman is a staff writer at The New Republic and writes about crypto with the actor Ben McKenzie. Follow Jacob on Twitter at @SilvermanJacob.
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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