25.05.2022 • 19 Min.

Behind the Money is back! Our first episode is part 1 of 2 in a miniseries on crypto. First up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stablecoin collapsed. FT reporter Ethan Wu explains how the effects of that rippled into other areas of the crypto universe. Michela and Ethan will talk about what stablecoins are and why they matter — even for people who aren’t crypto investors. For further reading: Crypto scares everyone The week that shook crypto Investors pull $7bn from Tether as stablecoin jitters intensify Follow Ethan Wu on Twitter @EthanYWu Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.