Tether and Bitfinex - The Stable Coin

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The stable coin is a one to one exchange with conventional currencies. A stable coin's value can be pegged to the dollar. Cadam says it's tough to know exactly how many employees work at tether, because tether and bitfinex are so interrelated. But cadaman sid's reporting shows that at least jon carlo is quite involved in the day to day operations.

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On this episode, we’re diving back into the world of stablecoins for part 2 of 2 in our miniseries on crypto. This time, it’s a story filled with troubled companies and a real life fire that sends a business up in smoke. With the help of FT reporters Kadhim Shubber and Siddharth Venkataramakrishnan, we dig into the professional histories of two executives who sit atop two of crypto’s most important businesses: stablecoin issuer Tether and exchange Bitfinex.

Clips courtesy CSPAN

For further reading:

Tether’s CEO: from IT sales to calling the shots in crypto land

Tether: the former plastic surgeon behind the crypto reserve currency

The week that shook crypto

On Twitter, follow FT reporters Kadhim Shubber (@Kadhim), Siddharth Venkataramakrishnan (@SVR13) and Ethan Wu (@EthanYWu)

Read a transcript of this episode on FT.com

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