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Bitcoin Cash24h $556.83-0.96%

Cardano24h $0.2814-4.63%

Hyperliquid24h $30.26-4.41%

Hedge fund shorts Tether, expects it to collapse in the next year

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

Tether timeline: The complete history of crypto’s most stubborn stablecoin

This is Tether’s timeline in full, starting in 1996 when its now chief financial officer was caught selling fake Microsoft software licenses.

Myanmar’s parallel government has deemed stablecoin Tether official currency amid violent clashes between citizens and military rulers.

A Chinese Triad who kidnapped a Tether trader and beat him with hammers is on the run after pocketing $2.6 million of the victim’s crypto.

We catalogued every USDT distributed by Tether in the past seven years to present the most transparent research on the stablecoin to date.