Grant is fascinated by the story of Tether, and so are we. Tether is the project behind the $62 billion stablecoin powering much of the liquidity in the crypto markets. What would happen if that mammoth project went belly-up?
Grant has been watching Tether for years and has a few thoughts on the checkered history and unclear future of crypto’s favorite controversy. Why is tether’s backed/unbacked status so contentious? Why are so many in the crypto space skeptical of its centralized issuer? Why aren’t so many others?
Listen to Grant sharing his thoughts on Tether’s recent (and long awaited) treasury disclosure, how it looks compared to other stablecoins, rumors about bank fraud allegations, what actually can happen if USDT loses its peg to the U.S. dollar, and more.
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