Cryptocurrencies
Crypto Market Risk Rises as Tether Migrates to More Blockchains
- Tracking the biggest stablecoin is becoming more difficult
- Controversial token underpins much of digital-asset trading
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One of the murkier corners of the cryptocurrency market is becoming even less transparent.
Tether, the controversial token that serves as a conduit for trading coins on many of the world’s largest crypto exchanges, is becoming the means for conducting transactions on a spate of new blockchains, the distributed digital ledgers that underpin the digital assets.