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First Mover: Buying Bitcoin's Dip, Betting Against Tether and Weighing the Jobs Report

Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.

By Bradley Keoun, William Foxley, Omkar Godbole

Updated Sep 14, 2021, 9:52 a.m. Published Sep 4, 2020, 1:24 p.m.

There's now a credit-default swap contract on Tether, allowing traders to bet on the credit risk inherent in the dollar-linked stablecoin. (Thomas Rowlandson/Metropolitan Museum of Art, modified by CoinDesk)