Tether’s $5B mint and political entanglements raise suspicion about industry

Unraveling Tether’s complex web of financial maneuvers and its impact on the global crypto market.

Stablecoin giant Tether once again grabbed the headlines with a remarkable minting spree that injected over $5 billion into the market within a span of 72 hours.

This surge not only caught the attention of crypto enthusiasts but also raised eyebrows among financial circles, particularly given Tether’s historical significance in driving market liquidity.

At the epicenter of this development has been Howard Lutnick, CEO of American financial services giant Cantor Fitzgerald and a key figure in Donald Trump’s transition team. 

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