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Michael Roberts blog

Blogging from a Marxist economist

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Crypto unTethered

Last Thursday the $1.3tn cryptocurrency industry was hit heavily when ‘stablecoin’ Tether — a critical cog in the crypto market — briefly failed to maintain its link with the US dollar.  A stablecoin is a crypto currency coin that is tied to an existing fiat currency, namely the US dollar, making it easy to switchContinue reading “Crypto unTethered”