The brewing Lehman Crisis in Crypto-Land

There has been much debate over the usefulness and viability of crypto-currencies. Notwithstanding my opinion on the topic, the current crypto-currency ecosystem has an Achilles Heel of Lehman Crisis proportions. 

It's called Tethers, which is a stablecoin used as a critical piece of plumbing in the offshore crypto markets. This week, I explain:

• What is a digital token, or stablecoin?
• Why do stablecoins matter in Crypto-Land?
• The vulnerability of Tether
• Possible solutions

The full post can be found here.