Controversial ‘Stablecoin’ Tether Is Now the 10th-Largest Cryptocurrency

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Embattled “stablecoin” tether has become the 10th-largest cryptocurrency. Tether’s eponymous token, which the company claims is backed by physical USD at a 1-to-1 ratio, has long been controversial in cryptocurrency circles, and debates over whether it presents the industry with a systemic risk have increased over the past 18 months in lockstep with USDT’s swelling

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Posted by Josiah Wilmoth on June 26, 2018 @ https://www.ccn.com/controversial-stablecoin-tether-is-now-the-10th-largest-cryptocurrency/

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