There are a lot of questions surrounding Tether, the third largest crypto by market cap. With the collapse of UST, people want to be sure that there is liquid backing dollar for dollar behind USDT. Is the world’s biggest stablecoin too big to fail?  

Today we welcome the Chief Technology Officer of Tether, Paolo Ardoino, to the show to ask these tough questions. We also discuss FTX, audits and the future of the cryptos.

We’re a fairly stable podcast with unstable podcast hosts. Hopefully our guest can bring some stability to the show on episode #655 of the Bad Crypto Podcast. 

Full Show Notes at: http://badco.in/655

TIME STAMPS
00:00 - Intro
03:27 - Tell us about some of your background, Paolo. 
06:00 - Explain how you’re the CEO of Bitfinex and CTO of Tether
08:35 - Let’s get to the basic, birds-eye definition of Tether and how it works as a stablecoin.
12:45 - How do you ensure Tether never goes down and is a supported asset? 
16:00 - Tether is the number 3 in crypto marketcap. The audit of Tether is still pending release. News coverage of the release is missing. Why is the audit taking so long to be released? 
20:35 - So you understand why it looks questionable to people because this is not the first time that has been something questionable has happened. 
32:00 - What happens to Tether if the US Dollar loses its dominance as a global currency reserve? 
35:00 - Tether Gold is an alternative to fiat stablecoins. 
36:12 - We are looking for audits on USDT; where is the gold? 
38:45 - Why is there such a discrepancy between the Tether Gold and the market price of gold right  now? 
42:00 - Closing remarks

SUBSCRIBE, RATE, & REVIEW:

Apple Podcast: http://badco.in/itunes
Google Podcasts: http://badco.in/google
Spotify: http://badco.in/spotify

FOLLOW US ON SOCIAL MEDIA:

Twitter: @badcryptopod - @joelcomm - @teedubya
Facebook: /BadCrypto - /JoelComm - /teedubyaw
Facebook Mastermind Group: /BadCrypto
LinkedIn: /in/joelcomm - /in/teedubya
Instagram: @BadCryptoPodcast
Email: badcryptopodcast[at]gmail[dot]com
Phone: SEVEN-OH-8-88FIVE- 90THIRTY

BE A FEATURED GUEST:http://badco.in/apply

DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

There are a lot of questions surrounding Tether, the third largest crypto by market cap. With the collapse of UST, people want to be sure that there is liquid backing dollar for dollar behind USDT. Is the world’s biggest stablecoin too big to fail?  
Today we welcome the Chief Technology Officer of Tether, Paolo Ardoino, to the show to ask these tough questions. We also discuss FTX, audits and the future of the cryptos.
We’re a fairly stable podcast with unstable podcast hosts. Hopefully our guest can bring some stability to the show on episode #655 of the Bad Crypto Podcast. 
Full Show Notes at: <a href="http://badco.in/655">http://badco.in/655</a>
TIME STAMPS
<ul>
<li>00:00 - Intro</li>
<li>03:27 - Tell us about some of your background, Paolo. </li>
<li>06:00 - Explain how you’re the CEO of Bitfinex and CTO of Tether</li>
<li>08:35 - Let’s get to the basic, birds-eye definition of Tether and how it works as a stablecoin. 12:45 - How do you ensure Tether never goes down and is a supported asset? </li>
<li>16:00 - Tether is the number 3 in crypto marketcap. The audit of Tether is still pending release. News coverage of the release is missing. Why is the audit taking so long to be released? </li>
<li>20:35 - So you understand why it looks questionable to people because this is not the first time that has been something questionable has happened. 32:00 - What happens to Tether if the US Dollar loses its dominance as a global currency reserve? </li>
<li>35:00 - Tether Gold is an alternative to fiat stablecoins. </li>
<li>36:12 - We are looking for audits on USDT; where is the gold? </li>
<li>38:45 - Why is there such a discrepancy between the Tether Gold and the market price of gold right  now? </li>
<li>42:00 - Closing remarks</li>
</ul>
SUBSCRIBE, RATE, &amp; REVIEW:
Apple Podcast: <a href="http://badco.in/itunes">http://badco.in/itunes</a> Google Podcasts: <a href="http://badco.in/google">http://badco.in/google</a> Spotify: <a href="http://badco.in/spotify">http://badco.in/spotify</a>
FOLLOW US ON SOCIAL MEDIA:
Twitter: @badcryptopod - @joelcomm - @teedubya Facebook: /BadCrypto - /JoelComm - /teedubyaw Facebook Mastermind Group: /BadCrypto LinkedIn: /in/joelcomm - /in/teedubya Instagram: @BadCryptoPodcast Email: badcryptopodcast[at]gmail[dot]com Phone: SEVEN-OH-8-88FIVE- 90THIRTY
BE A FEATURED GUEST: <a href="http://badco.in/apply">http://badco.in/apply</a>
DISCLAIMER: Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

Technologists and crypto-enthusiasts Joel Comm and Travis Wright attempt to demystify the world of bitcoin, blockchain, litecoin, ethereum, alt-coins, token generation events, and ICOs in this podcast for cryptocurrency newbies.

Bitcoin, Blockchain, and Cryptocurrency for newbies

The Bad Crypto Podcast

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!

Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.

Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more. 

Since 2017, technologists and crypto-enthusiasts Joel Comm and Travis Wright have attempted to demystify the world of bitcoin, blockchain, ethereum, altcoins, NFTs, Play-2-earn, the metaverse and Web3 in this podcast for cryptocurrency newbies and veterans alike!
Featuring some of the biggest names and most prolific movers-and-shakers in the space, the pair put the spotlight on their guests while taking listeners along for the journey down the rabbit hole.
Past guests have included John McAfee, Richard Heart, Tom Bilyeu, Vitalik Buterin, Roger Ver, Brock Pierce, Michael Terpin, Brittany Kaiser, Max Kaiser, Tim Draper, CZ and many more.&nbsp;

Will Tether Crash Next?

https://api.omny.fm/orgs/8edea6b9-fca4-41a1-83ee-aa76002b9dd8/clips/7c4c7022-df0c-41a9-945d-af5d01497761/transcript

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