U.S. Senators Demand Answers From People Behind Crypto Stablecoin Tether

The U.S. Senate Committee on Banking, Housing, and Urban sent a letter to so-called “stablecoin” issuer Tether on Tuesday, asking for an explanation of how the company operates and “mints” tethers that can be exchanged for various forms of cryptocurrency like bitcoin. Why does it matter? Because some people believe…

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