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CoinDesk Podcast Network

COINDESK SPOTLIGHT: Paolo Ardoino and Tether’s $120B Stablecoin Empire

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 1 October 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Insights on the past, present and future of the crypto industry with Tether CEO Paolo Ardoino. Follow the podcast here. Tether CEO Paolo Ardoino joins Bullish CEO Tom Farley on "CoinDesk Spotlight" to discuss the rise of USDT, the largest stablecoin with a nearly $120 billion market cap. Plus, the secret behind Tether's profitability and its role in revolutionizing the world of finance. Paolo also answers some of the crypto community's challenging questions about the third-largest crypto asset. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - This episode was hosted by Tom Farley. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Melissa Montañez, and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

We are not trying to sell our stable coin to bankers or to the financial elite.

0:07.3

Our main focus is the last mile, the people in the street, those 5 billion users.

0:12.7

That is extremely powerful because these users will be your loyal customers forever,

0:18.5

because you help them, you seal them, you gave them a

0:21.0

life line in the worst moment of their life.

0:27.3

The content presented on this podcast does not in any way represent investment advice.

0:34.4

The information is provided for educational and entertainment purposes.

0:38.3

Crypto assets are considered risky investments.

0:41.4

You should always do your own research before investing.

0:44.6

The opinions expressed here do not represent those of CoinDesk's editorial staff.

0:49.0

Welcome to Coin Desk spotlight. I'm Tom Farley, your host, CEO of Bullish, the owner of CoinDesk. And I'm here today

0:56.4

with Palo Ardoino. I've been really excited for this podcast, Palo, this conversation.

1:03.5

I'm a business junkie and just in general, a capitalist junkie, capitalism junkie.

1:12.5

And look, by my calculations, you've built the most profitable business ever in the history of the world, likely by many metrics, including profit per employee.

1:25.2

So you talk about finding product market fit. Absolutely incredible. So

1:30.3

I've been looking forward to the conversation here today. Learn a little bit more about you,

1:34.3

talking a little bit more about Tether, where Tether is going, what your plans are all around

1:39.3

the world. Thank you so much for being here.

1:42.3

Thank you very much, Tom, for having me.

1:45.0

It's a great pleasure.

1:46.0

For the younger people who are watching this and saying,

1:49.0

hey, I want to be like Palo, I want to be CEO of the most profitable company in the history of the world.

...

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