In this episode of The Wolf Of All Streets podcast, I sit down with Paolo Ardoino, CTO of Tether, as we delve into the details of Tether's massive Bitcoin investment and its commitment to transparency. Paolo dissects several significant events such as a staggering $7 billion USDT redemption in 48 hours, discusses potential de-pegging, and analyzes how Tether assists the USD. Amid regulatory ambiguity, Ardoino sheds light on Tether's efforts to educate regulators, the role of stablecoins in the market, and the impact of the crypto market reopening in China/Hong Kong.
Paolo Ardoino:
https://twitter.com/paoloardoino
►► OKX
Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!
👉 https://www.okx.com/join/SCOTTMELKER
►►THE DAILY CLOSE
BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.
👉 https://www.thedailyclose.io/
►►NORD VPN
GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!
👉 https://nordvpn.com/WolfOfAllStreets
►►COINROUTES
TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS!
👉 http://bit.ly/3ZXeYKd
►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY!
👉https://thewolfden.substack.com/
Follow Scott Melker:
Twitter: https://twitter.com/scottmelker
Web: https://www.thewolfofallstreets.io
Spotify: https://spoti.fi/30N5FDe
Apple podcast: https://apple.co/3FASB2c
#Bitcoin #Crypto #Tether
0:00 Intro
1:17 FOIL
4:03 Curve pool
6:10 $7 Billion USDT in redemptions in 48 hours
9:37 De-peg
11:50 Educating the regulators
16:50 Security issues
17:27 How Tether helps USD
19:45 Stablecoin regulatory clarity
23:00 China/Hong Kong reopens to crypto
24:40 Tether buys Bitcoin
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.
The Wolf Of All Streets