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davidgerard-co-uk-2995		Tether is “too big to fail” — the entire cryptocurrency industry utterly depends on it – Attack of the 50 Foot Blockchain			.html	text/html	2355	209	80	Tether is "too big to fail" — the entire cryptocurrency industry utterly depends on it – Attack of the 50 Foot Blockchain Tether is "too big to fail" — the entire cryptocurrency industry utterly depends on it This is why crypto is so up in arms about the proposed STABLE Act, which would require stablecoin issuers to become banks — the Act would take out Tether immediately, given Tether's extensive and judicially-recognised connections to New York State, and there is no way on earth that a company that comports itself in the manner of Tether is getting a banking charter. Every person making money from crypto — not just Bitcoin, but everything else touching crypto — is painfully aware they need Tether to keep the market pumped. Previous Article Facebook's Libra is now Diem; STABLE Act says stablecoins must get banking licenses 12 Comments on "Tether is "too big to fail" — the entire cryptocurrency industry utterly depends on it"	./cache/davidgerard-co-uk-2995.html	./txt/davidgerard-co-uk-2995.txt