Crypto / Stablecoin

Tether (USDT)

Largest stablecoin; financial gambling rails.

Issuer of the USDT stablecoin, which underpins much of global crypto trading. Connected via the Lutnick family Dynasty Trust A loan and the Twenty One Capital partnership.

Documented Cognitive Harm Footprint

25

Harm Footprint

Documented

Crypto trading is documented to exhibit high rates of problematic gambling behaviours driven by cognitive distortions, variable-reward dopamine cycles and 24/7 markets — a near-perfect cognitive addiction substrate.

Harm Count
5 / 40
Severity
5 / 35
Reach
10 / 22
Mechanism
5 / 5

View on Graph → All Platforms

Documented Harms (1)

Gambling-Pattern Cognitive Distortions

2024 retail crypto traders

Crypto trading underpinned by stablecoins exhibits documented patterns of problematic gambling driven by cognitive distortions and variable-reward cycles.

Source: Multiple peer-reviewed studies on crypto trading and problem-gambling cognition 2022-2024

Ownership & Accountability

Howard Lutnick Family-trust counterparty (Dynasty Trust A loan); Twenty One Capital partner

What they say (Give)

Family enterprise expanded into Bitcoin-treasury and stablecoin partnerships.

What the public loses (Take)

Profits from a stablecoin underpinning crypto trading documented to produce gambling-pattern cognitive distortions; conflicts intensify the cognitive harm.

View documented Closed Loop →