Addressing the stablecoin FUD with Paolo Ardoino, CTO of Tether (USDT)
Hashing It Out
00:00
Can Stable Coins Depeg?
For the first time in the history, for most of the people that have come into crypto, they saw a stable coin's depeg. The question then becomes, can stable coins depeg? I know you've done some explanation on how USDT is different and USDT is well taken care of. But just so that people can understand, maybe you can explain why USDT can't end up in the same situation as USDT. Sure. So if you remember USD, Terra, that was a stable coin that was pegged to the dollar, but the reality, well, when you create a stable coin, Tether created the entire stable coin market. We need to hold assets that mimic
Transcript
Play full episode
