Warning: Stablecoins Like Tether Could be at the Heart of the Next Financial Crisis

Tether is about as stable a stablecoin as it is transparent

Stephen Foerster
14 min readOct 25, 2021

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picture of a tether token
Photo by DrawKit Illustrations on Unsplash

Whether or not you trade in cryptocurrencies, be forewarned: Stablecoins like tether could be at the heart of the next financial crisis. Industry leader, Tether Limited (owned by parent Tether Holdings Limited), may one day…

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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)