The Tether Conundrum: Stability or Scandal?

This chapter examines Tether, the leading stablecoin in the cryptocurrency market, and the controversies surrounding its backing and operational transparency. It discusses the implications of Tether's financial maneuvers, connections to high-profile figures, and its controversial use in illicit activities. The narrative highlights the broader ethical dilemmas within the cryptocurrency ecosystem and the shifting perceptions of crypto in light of recent scandals.