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OPINIONATED: What If Tether Goes Belly-Up? Feat. Grant Gulovsen

OPINIONATED: What If Tether Goes Belly-Up? Feat. Grant Gulovsen

FromCarpe Consensus


OPINIONATED: What If Tether Goes Belly-Up? Feat. Grant Gulovsen

FromCarpe Consensus

ratings:
Length:
32 minutes
Released:
Aug 9, 2021
Format:
Podcast episode

Description

This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking to Grant Gulovsen, a private attorney specializing in crypto space.This episode is sponsored by Unique One Network.Grant is fascinated by the story of Tether, and so are we. Tether is 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.Mentioned in this episode: CoinDesk: Tether’s First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper CoinDesk: Tether Executives Facing Criminal Bank Fraud Charges: Report Unchained podcast: Is Tether a Fraud? Its Bank Says It's Not CoinDesk: Tether Confirms Its Relationship With Auditor Has 'Dissolved'-Unique One Network is an interoperable Platform for DeFi enabled NFT Marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network’s crosschain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit: ayo888/iStock/Getty Images Plus, modified by CoindeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 9, 2021
Format:
Podcast episode

Titles in the series (100)

This is CoinDesk's Opinionated, a roundtable debate that fascinates with each new thought provoking guest. It's the place to convey strong ideas, and at times share in the latest casual controversy.Join Features editor Ben Schiller and reporters Anna Baydakova and Danny Nelson as they push the conversation further with their own criticisms and reactions to the latest bitcoin and crypto news from around the world. Be the first to hear Opinionated by subscribing to the CoinDesk Reports podcast feed.