This week, it's all about tether. Tether is the world's most popular stable coin. It's a type of crypto currency favored by traders because it's backed by real us. One banker who's done business with tether says it's not a stable coin so much as a high risk offshore hedge fund.
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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