US Fed Official Calls Tether a ‘Challenge’ to Financial Stability

US Fed Official Calls Tether a ‘Challenge’ to Financial Stability

A senior U.S. Federal Reserve official has called Tether's USDT stablecoin a risk to the stability of the financial system.

In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed Tether among the “financial stability challenges” the U.S. central bank is watching.

Rosengren included the stablecoin among what he termed “new disruptors” to short-term credit markets.