====== Stablecoin ======
A **stablecoin** is a [[cryptocurrency]] designed to keep parity with the value of a [[fiat currency]] or [[commodity]].


===== Tether =====

==== Controversy ====
  * Mar 11, 2022 - Hedge fund Fir Tree Capital Management shorts Tether over fractional reserves and holdings of Chinese debt as backing.((March 11, 2022 | Decrypt.do | [[https://decrypt.co/94866/4-billion-hedge-fund-shorting-tether-stablecoin|https://decrypt.co/94866/4-billion-hedge-fund-shorting-tether-stablecoin]]))