Tether's Market Cap Nearing 100 Billion

The podcast episode discusses how Tether, the cryptocurrency stablecoin, has reached or surpassed a market cap of 100 billion dollars. The hosts reflect on Tether's journey and question the progress made since its inception. They mention the Q4 attestations, which highlight Tether's significant profitability and investments in various industries, such as energy mining and payment. The hosts also touch upon how Tether has invested in venture-type activities, becoming more public with their investment announcements. They caution, however, that Tether's claims of profits should not be compared directly to traditional financial firms, as the metrics and categorizations differ. They emphasize that Tether's scale and importance cannot be denied, but also highlight ongoing concerns and limitations, such as the lack of a comprehensive audit and lingering questions regarding Tether's financial activities.