The Peg

The Peg

Tether goes legit

As it comes in from the cold, it's time to recognize the stablecoin trailblazer for what it is and why it was a necessary stepping stone to system resolution.

Izabella Kaminska's avatar
Izabella Kaminska
Sep 26, 2025
∙ Paid

In *Francis Ford Coppola’s The Godfather, Michael Corleone, son and reluctant successor of Vito Corleone’s mafia underworld empire, is obsessed with the idea of making the family business go legit.

We get a glimpse into what fuels this drive in an exchange between Michael and the object of his affection, Kay, an ordinary woman from outside “the business”.

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