What the collapse of Tether (USDT) might look like?
Many Russians are hastily converting their savings into cryptocurrencies in an attempt to avoid Western sanctions and counter-sanctions from the Russian Federation. In this article, I explore the financial soundness of the largest and oldest stablecoin Tether (USDT). Spoiler: there are serious questions for it. Russians have sharply awakened interest in cryptocurrency in connection with the well-known events with Ukraine....