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Tether was once the stablecoin king. Now its dominance is threatened by newcomers and legal uncertainty

1 month ago   |   By Business Insider

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Regulators are training their sights on tether, the biggest of the dollar-pegged cryptocurrencies known as stablecoins.
But even as tether's legal troubles ratchet up, the stablecoin has already seen market share decline.
What tether does behind the scenes has become a central focus.
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In 2018, Jeff Bezos told Insider that innovators "have to be willing to be misunderstood." So when Stuart Hoegner, the top lawyer at tether , began an indignant blog post in May citing Bezos, it suggested he saw his product...
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