How Congressional Legislation Would Impact Stablecoin Maker Tether
August 4, 2023
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5:45Now PlayingHow Congressional Legislation Would Impact Stablecoin Maker Tether
YouTube Description
as posted by the channelCrypto is struggling. Under attack from regulators, the overall value of cryptocurrencies is down approximately 60% from its 2021 highs. But one digital asset company is thriving: stablecoin maker Tether. The secretive British Virgin Islands–based outfit has created a digital dollar with an $83 billion market value, up from about $65 billion just a year ago. In the first three months of 2023, Tether, which is responsible for more than 50% of the entire crypto market’s liquidity, says it posted a $1.5 billion profit. Forbes Director of Research for Digital Assets Steven Ehrlich joins Forbes Talks to discuss.
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