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

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A crypto vibe shift? 19:35 Share

Behind the Money

Shownotes Transcript

A crypto vibe shift?