Crypto is struggling. Under attack from regulators, the overall value of cryptocurrencies is down approximately 60% from its 2021 highs. But one digital asset company is thriving: stablecoin maker Tether. The secretive British Virgin Islands–based outfit has created a digital dollar with an $83 billion market value, up from about $65 billion just a year ago. In the first three months of 2023, Tether, which is responsible for more than 50% of the entire crypto market’s liquidity, says it posted a $1.5 billion profit. Forbes Director of Research for Digital Assets Steven Ehrlich joins Forbes Talks to discuss.
Read the full story on Forbes: https://www.forbes.com/sites/digital-assets/2023/07/29/how-to-get-rich-in-crypto-four-tether-executives-are-now-billionaires/
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