Crypto is struggling. Under attack from regulators, the overall value of cryptocurrencies is down approximately 60% from its 2021 highs. But one digital asset company is thriving: stablecoin maker Tether. The secretive British Virgin Islands–based outfit has created a digital dollar with an $83 billion market value, up from about $65 billion just a year ago. In the first three months of 2023, Tether, which is responsible for more than 50% of the entire crypto market’s liquidity, says it posted a $1.5 billion profit. Forbes Director of Research for Digital Assets Steven Ehrlich joins Forbes Talks to discuss.

Read the full story on Forbes: https://www.forbes.com/sites/digital...

Subscribe to FORBES: https://www.youtube.com/user/Forbes?s...

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking indepth reported stories, daily digests and more. Plus, members get a frontrow seat at membersonly events with leading thinkers and doers, access to premium video that can help you get ahead, an adlight experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership...

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter:   / forbes  
Forbes Video on Instagram:   / forbes  
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.