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Tether: The coin that could wreck crypto

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moneycontrol.com

David Yaffe-Bellany (Circuits)SAN FRANCISCO — Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days.

A new-fangled crypto bank halted withdrawals. And investors have been plunged into financial ruin.Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come.Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide.

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