Coinbase, Tether Probed Over Consumer Risks by Key Democrat (1)

Sherrod Brown, chairman of the Senate Banking Committee, is probing some of the biggest stablecoin issuers and exchanges for more information about the risks that digital tokens pose to investors and consumers.

In letters to executives at Tether, Coinbase Global Inc., Binance.US and five other companies, Brown asked for more details about the size of the market for digital coins, how tokens are converted into U.S. dollars and how consumers exchange cryptocurrencies, among other questions.

“The complex terms and conditions applicable to digital assets and stablecoins, as well as the need for reliable and resilient underlying networks, …