Tether’s path to the spotlight

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 1 June 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re diving back into the world of stablecoins for part 2 of 2 in our miniseries on crypto. This time, it’s a story filled with troubled companies and a real life fire that sends a business up in smoke. With the help of FT reporters Kadhim Shubber and Siddharth Venkataramakrishnan, we dig into the professional histories of two executives who sit atop two of crypto’s most important businesses: stablecoin issuer Tether and exchange Bitfinex.

Clips courtesy CSPAN

For further reading:

Tether’s CEO: from IT sales to calling the shots in crypto land

Tether: the former plastic surgeon behind the crypto reserve currency

The week that shook crypto

On Twitter, follow FT reporters Kadhim Shubber (@Kadhim), Siddharth Venkataramakrishnan (@SVR13) and Ethan Wu (@EthanYWu)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Could it be a alternative?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.3	And take action today.
0:31.8	Last year, two Financial Times reporters,
0:34.8	Kaddam Schibber and Sid Venkaterama Krishnan,
0:38.6	started looking into this cryptocurrency company called Tether.
0:43.0	As we discussed in our previous episode, Tether issues what's called a stable coin.
0:49.0	Stable coins are supposed to help investors move easily from traditional currency like US dollars into
0:55.3	crypto. What's significant about tether is that it's the biggest stable coin in circulation.
1:02.1	Stable coins and tether in circulation. Stable coins and Tether in particular are the
1:05.4	lubricant for the crypto economy. That's Kaddam speaking and because Tether is so
1:11.4	big he and said wanted to learn more about who runs the company.
	...

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