Anything crypto-related is frequently greeted with a high degree of skepticism. Within that, one of the most controversial companies for a long time has been Tether, the company behind the popular stablecoin USDT. But despite people predicting otherwise, the company has boomed. It's insanely profitable. It's one of the largest holders of US Treasuries in the world. And because of the change in the US administration, it's gathering fans in Washington, DC. In this episode, we speak with Tether CEO Paolo Ardoino about what it's like to run this business, how they work with law enforcement, future growth opportunities, and why, after all these years, it's still never had a formal audit.

Read more:
What Are Stablecoins and Why Are Regulators Wary?
Tether To Buy a 30% Stake in Italian Media Company Be Water

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Anything crypto-related is frequently greeted with a high degree of skepticism. Within that, one of the most controversial companies for a long time has been Tether, the company behind the popular stablecoin USDT. But despite people predicting otherwise, the company has boomed. It's insanely profitable. It's one of the largest holders of US Treasuries in the world. And because of the change in the US administration, it's gathering fans in Washington, DC. In this episode, we speak with Tether CEO Paolo Ardoino about what it's like to run this business, how they work with law enforcement, future growth opportunities, and why, after all these years, it's still never had a formal audit.
Read more: <a href="https://www.bloomberg.com/news/articles/2025-04-04/what-is-a-stablecoin-how-do-they-work-and-why-are-regulators-concerned?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-testid="link-with-safety" data-renderer-mark="true">What Are Stablecoins and Why Are Regulators Wary?</a> <a href="https://www.bloomberg.com/news/articles/2025-03-26/tether-is-buying-a-30-stake-in-italian-media-company-be-water?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-testid="link-with-safety" data-renderer-mark="true">Tether To Buy a 30% Stake in Italian Media Company Be Water</a>
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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

Tether's CEO Speaks on His Insanely Profitable Business

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b1ba0c1b-3720-4c54-8a1f-b2b5015718ee/transcript

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