Imagine a company that's raking in $5.2 BILLION in net profit in just six months... That's $29 MILLION per day, $1.2 MILLION per hour, and $20,000 per minute! Welcome to Tether, the most profitable company in crypto, and possibly the world. But what's behind this unprecedented success? Join us as we sit down with Tether's co-founder, William Quigley, to explore the misconception around Tether's USD peg, and the impact of stablecoins on DeFi and crypto as a whole.
You'll learn:
• The truth behind Tether's USD peg and how it really works
• The impact of stablecoins on DeFi and the broader crypto market
• Why governments might create CBDCs, and what it means for privately issued stablecoins
And more...
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⏱ TIME POINTS ⏱
00:00 - Intro
01:50 - How did Tether become the most profitable company in crypto?
03:56 - Why was Tether created?
07:50 - Tether is NOT pegged to the US Dollar
12:50 - The impact of stablecoins on the cryptocurrency market
19:40 - Uncovering the relationship between Tether and the government
32:40 - The benefits of Tether
39:40 - Outro
