Tether also combined commercial paper into cash and cash equivalents, while circler separated the two indifferent categories. D c: Is that how they make money? And then if that was the business, that would incent people to go after more and more categories of capital allocation. My my bet is that tether is, they're mixed of and their auditing is not going to be enough to operate inthe united states for much longer or other jurisdictions. I think you s d c is going to overtake tether very quickly in under a year or two.
In news Jason covers Bezos reaching space (2:32), Robinhood's S-1/A (13:28), Circle's new USDC attestation (22:25), crypto crackdown in Asia (36:06), Zoom buying Five9 for almost $15B (46:00)
Keith Rabois' OpenStore (47:11). Then for our Next Unicorns series, Jason interviews Flock Safety CEO Garrett Langely, about reducing crime in American cities and neighborhoods (50:18).