Big Take: The Crypto Giant Amassing US Debt

In just over a decade, Tether has grown from an idea into a global crypto juggernaut, poised to become one of the world’s most highly valued private companies. But where did its dollar-linked stablecoin come from and where is it headed?Everybody's Business Host Stacey Vanek Smith guest hosted our daily show, The Big Take podcast, and with Bloomberg's Todd Gillespie unpacked one of the most powerful companies you’ve (maybe) never heard of. We're bringing you the episode here as a bonus.Read more: With Billions to Spend, Tether Finds New Allies in WashingtonAs Lutnick Sold Cantor to His Children, Tether Gave Them a LoanIf you're interested in reading more but aren't yet a Bloomberg subscriber, we have a subscription offer for listeners at Bloomberg.com/podcastoffer. See omnystudio.com/listener for privacy information.