Tether

Tether is the most traded asset in crypto. Hundreds of billions of dollars flow through USDT every day. And it has never been fully audited. Trustless unpacks the most consequential trust question in crypto: is Tether actually backed one-to-one? The book traces stablecoins from concept to critical infrastructure, and zeroes in on the attestations, the banking partners, the investigations, and the uncomfortable truth that even “trustless” systems still have trust layers.