Is There a Relationship Between Silvergate and Tether?

There's nothing I know about interesting on the tether, like, like banks that were used to send money to create tether with front. And did you have a third question? I may have forgotten. Um, it's so the thing with the 36 billion is like it's not that Alameda had 36 billion dollars and then took those 36 billion one dollar bills and use them to create 36 billion tether tokens. The way that it works is much more similar to like Alameda has 10 million dollars uses that to buy to create $10 million of tether sells that out in markets to demand when it's trading above a dollar a token.

Play episode from 32:43

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app