China Evergrande Debt Crisis Poses Systemic Risks on Tether?

Evergrande China crypto USDT

Real estate giant China Evergrande Group has recently fallen into a debt crisis. Both Evergrande’s stock and bond prices fell sharply, which greatly increased the risk of a default. More importantly, the cryptocurrency market, in particular ‘riskless’ stablecoins, may take a hit. The world’s most-indebted developer is now selling property and other assets to pay […]