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    Evergrande and China’s Looming Risk to Tether

    Evergrande and China’s Looming Risk to Tether

    The stablecoin issuer Tether this week declared that it doesn’t hold short-term debt issued by troubled Chinese real estate developer Evergrande. Since Tether doesn’t disclose specifics about the commercial paper that substantially backs its “stablecoin,” this is a...
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