Is Tether/USDT Still Safe? Tether CTO Paolo Ardoino + Week In Review

Amidst the collapse of FTX, how safe is the backbone of crypto - USDT/Tether? I talk to my frequent guest, Paolo Ardoino, CTO of Tether. Also, I will review the biggest news of the crypto week: Kraken layoffs, SBF PR campaign, Apple NFT fees, Fed rate hike slowdown, Animoca's $2 billion Metaverses fund & BlockFi bankruptcy.

Paolo Ardoino: https://twitter.com/paoloardoino

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#Tether #FTX #bitcoin

0:00 Intro

1:35 Paolo Ardoino

1:57 Circle vs Tether

4:15 Tether gonna die?

9:35 Tether redemptions

12:50 FTX, Deltec & Tether Connection

14:40 Audits & FUD around Tether reserves

20:10 Why Tether is not doing the audit

22:56 What do Tether reserves consist of?

24:15 The future of Tether and stablecoins

27:55 Wrap up with Paolo

30:30 Jobs report!

31:50 Kraken Cuts 30% of Workforce

33:00 Layoffs tracker

35:08 Coinbase Disables Mobile NFT Transfers

38:00 $2B Metaverse Fund

39:00 BlockFi bankruptcy

42:00 SBF PR campaign went wrong

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.