Inspired by the Bloomberg report which talks about the mystery behind Tether's $69B dollars backing the Tether in circulation, we created a two part series on Tether.
In Part I of the series we touched upon various questions like:
What is Tether? How is it different from other Cryptos out there?
What is a stablecoin & how does it work?
Discussion on the internal functioning of Crypto exchanges
Discussion on the Bloomberg Report & answering the billion dollar Q - 'WHERE IS TETHER KEEPING ITS MONEY?'
Talking about a potential connection between Tether and the Evergrande Group & other Chinese real estate players
How Tether is working like a bank and literally minting easy money
How Tether got itself into such a position in the first place?
CEO/CFO of Tether - what are they upto?