Four men owned 86% of Tether as of 2018, according to investigatory documents viewed by the Wall Street Journal. The documents from 2021 probes of Tether by the New York Attorney General and the federal Commodity Futures Trading Commission reveal the previously unknown ownership structure of the secretive issuer of the world’s largest stablecoin. Tether’s USDT stablecoin is a key piece of infrastructure in the crypto world, easing the movement of money in the industry. Yet, the people behind it have not always been forthcoming about how they operate. Tether began from separate companies led by ex-plastic surgeon ... (full story)