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Bankless
212 - Tether CEO on Their $100B Stablecoin ($USDT)
Mar 4, 2024
The CEO of Tether, the $100B stablecoin company, discusses its success, backing, and competition. Topics include banking risks, stablecoin wars, regulation, and the value of Tether in the crypto market. Insightful look at Tether's impact on emerging markets and the stablecoin landscape.
01:20:37
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Quick takeaways
- Tether's liquidity and trustworthiness were proven by their ability to quickly redeem USDT, countering doubts about reserves.
- Tether's over-collateralization strategy and profitable business model have solidified its position as a stable entity in the financial sector.
Deep dives
Tether's Resilience in the Industry
Tether has demonstrated resilience in the industry by weathering challenges and criticisms while effectively maintaining their stability. In a pivotal moment, Tether's ability to redeem billions of USDT during a short span showcased its liquidity and trustworthiness, countering doubts about its reserves.
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