Tether, a stablecoin that trades under the ticker USDT, is the third-largest digital token by market value. It’s also one of the most actively traded tokens in the entire ecosystem and comes with two promises: each Tether has a stable value of $1 and each of those tokens is backed by a “real” dollar, or similarly liquid and reliable financial asset, like a bond issued by the US government. Those promises have not always been kept, which has kept Tether in the crosshairs of regulatory scrutiny and investor speculation.
Bloomberg reporter Emily Nicolle joins this episode for the latest on Tether and its asset reserves.
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Bloomberg reporter Emily Nicolle joins this episode for the latest on Tether and its asset reserves.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
#Bloomberg #Podcast #Crypto
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Markets & Finance: https://www.youtube.com/channel/UCIAL...
Bloomberg Politics: https://www.youtube.com/c/BloombergPo...
Bloomberg Technology: https://www.youtube.com/c/BloombergTech
Quicktake Originals: https://www.youtube.com/user/Bloomberg
Quicktake Now: https://www.youtube.com/channel/UChir...
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For coverage on news, markets and more: http://www.bloomberg.com/video
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Francisco Gimeno - BC Analyst The same story time again and again. Tether and its financial backup. Let's remember Tether is widely used for transactions, and any rumour of fragility is not just bad for this platform but for the whole crypto world. And time again and again Tether insists that there is enough financial assets to make Tether have the value of 1:1 with the USD. With regulatory frameworks coming we should expect this issue to be over in a positive or negative resolution. Meanwhile, it's just speculation.