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How Tether Can Be a More Stable Stablecoin

by JP Koning
December 29, 2022
in Cryptocurrency
Reading Time: 1 min read
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The crypto economy has suffered two major crypto failures this year: the collapse of Luna/TerraUSD in May and the failure of FTX in November. In both instances, the world’s largest stablecoin, Tether, was caught in the blast radius as waves of redemptions poured into the company. It shrunk by $18 billion, or 21%, in May and June and by another $4 billion, or 6%, in November.



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