$1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

$1.9t-wipeout-in-crypto-risks-spilling-over-to-stocks,-bonds-—-stablecoin-tether-in-focus

The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether’s exposure to the U.S. credit system. The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage market crisis — around $1.3 … Read more