“…The coin is considered the first and the most recognised stablecoin. A stablecoin is a category of cryptocurrencies with price stabilisation mechanisms that they try to match the stability of another currency, such as a fiat currency, when directly backed, or match a third reserve asset like Ethereum, when indirectly backed (Clark et al, 2019;Mita et al, 2019). As it is represented in Figure 7e, Tether has the highest number of parents among all other altcoins, and its BN contains a causal relationship with all traditional financial assets.…”