Could Stablecoins Topple the Crypto Industry?

Could Stablecoins Topple the Crypto Industry?

It could be said that Tether (USDT) has been crypto's dirty secret for several years. In short, they promise the benefits of cryptocurrencies, such as cheap and speedy money transfers, without the price volatility. The premise of a fiat-backed stablecoin like Tether is that every USDT that's minted is supported by a dollar that's held outside the crypto markets.