So Tether may collapse but we believe that the extent of impact would be small unless exchanges are shut down." The biggest collapse so far was in 2014 when Mt Gox was felled after losing $500 ...

Tether, whose main selling point is its tie to the U.S. dollar, has grown dramatically over the past year—its daily trading volume of around $3 billion trails only bitcoin’s $5 billion.

At just over $100 billion in circulation, Tether is the third-biggest cryptocurrency, with around $27 billion worth of the tokens having been issued in the last year, according to market tracker ...

For years, Tether had been regarded with suspicion. Its stablecoin has proved to be a popular tool for criminals. In 2021, it paid $18.5 million to settle a fraud investigation by the New York ...