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Yellen to convene U S regulators to discuss stablecoins
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Powell Says Stable Coins Need Regulation to Protect U S Public
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Key Events This Busy Week: Inflation, Powell, China Data Dump And Earnings
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What is tether?
Chances are you ve heard a thing or two about bitcoin. But what about tether?
Like bitcoin, tether is a cryptocurrency. In fact, it s the world s third-biggest digital coin by market value. But it s very different from bitcoin and other virtual currencies.
Tether is what s known as a stablecoin. These are digital currencies that are tied to real-world assets the U.S. dollar, for example to maintain a stable value, unlike most cryptocurrencies which are known to be volatile. Bitcoin, for example, rose to an all-time high of nearly $65,000 in April and has since almost halved in value.
Why the Federal Reserve is getting worried about Tether
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