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Big Take: The Crypto Giant Amassing US Debt | Everybody's Business

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April 13, 2026

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In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed?

Everybody's Business Host Stacey Vanek Smith guest hosted our daily show, The Big Take podcast (), and with Bloomberg's Todd Gillespie unpacked one of the most powerful companies you’ve (maybe) never heard of. We're bringing you the episode here as a bonus.

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With Billions to Spend, Tether Finds New Allies in Washington ()As Lutnick Sold Cantor to His Children, Tether Gave Them a Loan ()

If you're interested in reading more but aren't yet a Bloomberg subscriber, we have a subscription offer for listeners at Bloomberg.com/podcastoffer. ()

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A smart and fun chat show about all things business. Hosted by award-winning business and economics journalists Max Chafkin (author of The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power) and Stacey Vanek Smith (former co-host of NPR’s Planet Money and reporter for Marketplace), Everybody's Business is powered by the unparalleled sources and reporters who bring you Businessweek magazine’s headlines and the stories behind them. The show gives listeners a window into the discussions happening in boardrooms, Zooms and group chats in power centers around the world. From interpreting Fed meetings to the business of wolf cloning, each week Max, Stacey and their friends at Bloomberg Businessweek guide listeners through what really went on during the last week from Wall Street and Main Street. Because what’s happening with money and markets is everybody’s business.

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Big Take: The Crypto Giant Amassing US Debt

Everybody's Business

Guests & Subjects Covered

Big TakeThe Big TakeBloomberg's Todd GillespieWith BillionsLutnick Sold CantorMax ChafkinThe Contrarian Peter ThielSilicon Valleys Pursuit

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