Tether: Is USDT Safe?

Tether: Is USDT Safe?

Long regarded as an impending black swan, Tether has successfully weathered out the contagion and bank runs caused by Luna’s collapse in the depths of the 2022-2023 bearmarket. Since then, a large portion of Tether’s reserves has been shifted to treasury bills, which are the closest dollar proxy, positioning Tether among the top 20 holders of T-bills, worldwide. However, navigating the Tether FUD was not the first rodeo for Paolo Ardoino, as he has also previously led Bitfinex, which successfully recovered after a $72M hack, back in 2016. The worldwide adoption of USDT, especially in emerging markets and developing economies, serves as a testament to Tether’s commitment to create a product with tangible real-life applications.

Topics:

  • Paolo’s background
  • How Bitfinex succeeded
  • DEX vs. CEX UX
  • Entrepreneurship and company culture
  • Founding Tether and its use cases
  • Expanding Tether’s cross-chain support
  • Tether’s reserves and long-term vision
  • Stablecoin wars: BUSD & USDC
  • Decentralized stablecoins and bank runs
  • The potential of diversifying physical backing
  • Holepunch & Keet - the P2P renaissance
  • Incentivising P2P interactions

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Hosts:Friederike Ernst, Brian Crain