Tether and FTX: The Stablecoin Conflict

This chapter explores the tumultuous relationship between Tether and FTX during the stablecoin war, emphasizing Tether's resilience amid FTX's collapse. It highlights the rise and fall of algorithmic stablecoins like TerraLuna and discusses the implications for future digital currency legislation and market dynamics. The narrative further examines the regulatory landscape shift favoring traditional financial systems and the recent introduction of PayPal's PYUSD stablecoin.