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.1)
1)
March 11, 2022 | Decrypt.do | https://decrypt.co/94866/4-billion-hedge-fund-shorting-tether-stablecoin