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'Is Tether's USDT Safe?' - Paolo Ardoino

Episode Summary

We were joined by Paolo Ardoino, CEO of Tether, to discuss how crypto evolved over the past 10 years, and what role Tether played in shaping both crypto, as well as emerging markets and developing economies.

Episode Notes

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.

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This episode is hosted by Brian Fabian Crain & Friederike Ernst.