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Tether CTO Paolo Ardoino, "Dollar stablecoins can help the developing world"
Manage episode 343264513 series 3387350
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Paolo Ardoino is the CTO of Tether, the world's biggest stablecoin and third biggest cryptocurrency, behind only Bitcoin and Ethereum.
Obviously with a cryptocurrency the size of Tether, there is no shortage of topics to be discussed. But in this current climate of mass inflation, it's especially topical given the power a dollar stablecoin could provide to so many developing countries with currencies spiralling out of control.
Other topics covered in the pod include:
-Lugano, the Swiss city where Tether is de-facto legal tender
-El Salvador, where Bitcoin is legal tender and Dan visited this summer
-The contagion crisis and how Tether redeemed nearly 10% of their reserves without a problem
-Regulation
-Centralisation and the potential influence of Tether on the Ethereum ecosystem
-The problems that Terra, the (collapsed) decentralised stablecoin, caused both the stablecoin industry and the crypto industry at large
-The ongoing bear market and where Paolo sees the industry trending in the long-term
Read Dan's full article over on Invezz here
Continue the conversation on Twitter with https://twitter.com/invezzportal, https://twitter.com/danniiashmore and https://twitter.com/Tether_to. Or visit https://tether.to/en/ for more information.
Continue the conversation on Twitter with @InvezzPortal, @DanniiAshmore and @Tether_to. Or visit https://tether.to/en/ for more information.
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