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4min chapter
Addressing the stablecoin FUD with Paolo Ardoino, CTO of Tether (USDT)
Hashing It Out
Tether - The Best Cryptocurrency in the History of Finance
Tether was able to process 7 billion dollars in the redemptions in 48 hours. Within 30 days, Tether redeemed 20 billion dollars that were accruing to 25% of our reserves. So we could have done, we can go to zero, right? We can give back all the money to our users without any problems. There is no other stable coin, there is not even a banking institution that was able to do that."
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