Asia

Asian traders are still gaga over Tether

Benjamin Friedrich | The Block

Quick Take

  • Bitfinex and Tether got hit with a lawsuit from the NYAG’s office
  • But that hasn’t kept Asian traders from sticking by the cryptocurrency, which sources say is superior to its rivals
This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis subscribers’ inbox every Monday morning. 
 
Since breaking the news that the NY Attorney General is suing crypto exchange Bitfinex and Tether, I’ve been ruminating about how – surely now – people will want to wash their hands of them.