Behind the Money is back! Our first episode is part 1 of 2 in a mini-series 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 everyoneThe week that shook cryptoInvestors pull $7bn from Tether as stablecoin jitters intensifyFollow Ethan Wu on Twitter @EthanYWu Read a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.