CoinDesk: Does Tether Pose Systemic Risk to Crypto Markets?
CoinDesk Data and Indexes Director Galen Moore discusses his stablecoin Tether (USDT) assessment and its impact on bitcoin amid the cryptocurrency being subject to increased scrutiny by U.S. regulators. "The question of Tether's ability to maintain its peg to the dollar is a systemic question," Moore said. "It's one to be aware of as a kind of underlying risk in any crypto investment."
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