<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iZhO2QPNMiFI/v4/-1x-1.jpg"><figcaption><div><p>Source: Bloomberg, 30:56</p></div><div></div></figcaption></figure><p>Tether is what&#x2019;s come to be known in financial circles as a stablecoin&#x2014;stable because one Tether is supposed to be backed by one dollar. But exactly how Tether is backed, or if it&#x2019;s truly backed at all, has always been a mystery.</p><p></p><p>Bloomberg Businessweek&apos;s Mark Leydorf reads &quot;Anyone Seen Tether&apos;s Billions?&quot;</p>

Tether is what’s come to be known in financial circles as a stablecoin—stable because one Tether is supposed to be backed by one dollar. But exactly how Tether is backed, or if it’s truly backed at all, has always been a mystery.

Bloomberg Businessweek's Mark Leydorf reads "Anyone Seen Tether's Billions?"

Define 'Stable': A Wild Search for Tether's Billions

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