Tether Takes On Big Brother

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle takes a closer look at Holepunch, Tether’s latest project:

After weeks of cryptic hints at a new project, stablecoin issuer Tether announced on Monday it’s building a peer-to-peer network called Holepunch with the rather ambitious goal of revamping the internet with privacy in mind. The question is: Why?