This Is What We Know About How Tether Works

2022 has seen numerous crypto disasters, most notably FTX. Also the price of most coins has tumbled massively. One coin that's done fine is the stablecoin Tether, which is interesting, because its had so many naysayers for so long. There are even hedge funds who have bet on its implosion. But what is Tether? How does it work? And where does it come from? On this episode of the podcast, we speak with Bennett Tomlin, co-host of the Crypto Critics' Corner podcast, who has an encyclopedic knowledge about the company. He walks us through what we know about the entity, and its relationship with other entities in crypto.

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