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First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?

Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.

Updated May 11, 2023, 4:44 p.m. Published May 31, 2022, 11:49 p.m.
Tether's failure to pinpoint its banking relationships seems to already be affecting its dollar peg. (Getty Images)
Tether's failure to pinpoint its banking relationships seems to already be affecting its dollar peg. (Getty Images)