Stablecoins Are Unstable! - Patrick Boyle On Finance

What this episode covers

Send us a textThe $1.3tn cryptocurrency industry was on Thursday hit by one of its toughest challenges when stablecoin Tether — a critical cog in the market — failed to maintain its link with the US dollar. The company refuses to provide details on the Treasury holdings that back the stablecoin claiming their fear of revealing the ‘secret sauce.’Tether tumbled as low as 95.11 cents yesterday, far below the $1 peg that it seeks to maintain. Its price later recovered, but the slip-up, days afte...

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Frequently Asked Questions

How long is this episode of Patrick Boyle On Finance?

This episode is 22 minutes long.

When was this Patrick Boyle On Finance episode published?

This episode was published on May 13, 2022.

What is this episode about?

Send us a textThe $1.3tn cryptocurrency industry was on Thursday hit by one of its toughest challenges when stablecoin Tether — a critical cog in the market — failed to maintain its link with the US dollar. The company refuses to provide details on...

Can I download this Patrick Boyle On Finance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.