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The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466
Unchained
Coinbase and USDC - Why Not?
Tether is a US dollar stablecoin, which means that ultimately, some bank that has a direct license with the Fed holds those dollars. So whether it's Tether, Circle, BUSD, Bladi Blah, whoever they're bank, even if they don't have a license directly, they should be able to bank with them. And I think for those people, that's part of the reason why Tether is still so desirable because actually, yes, USCC is growing,. Yes, you can mint it and burn it on any chain, blah, blah, but it's not what I care about. What I care about is that like, Tether is my guide.
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