The Tether Situation w/ Bennett Tomlin (Part 1)

In part one of a two part episode, Bennett Tomlin discusses the legal issues, liquidity problems and spotty history surrounding Tether. Tether is the largest stable coin in the cryptocurrency space, with more than 60 billion USD equivalent in circulation. It acts as the the shadow bank for a majority of exchanges worldwide, exchanges like Binance and Bitfinex. In 2014 Tether made a promise that each unit of Tether would be 1-to-1 backed by a real dollar. Since then, a lot has changed. Check out Bennett's work on his blog: https://bennettftomlin.com/ Find him and his partner in crime on twitter: @BennettTomlin @CasPiancey @CryptoCriticPod Their latest show on Tether and other scams: https://cryptocriticscorner.com/ Want to come on the podcast? Reach out to me at [email protected] Special thanks to the r/buttcoin community for encouraging skeptical inquiry. And special thanks to @Bitfinexed Upcoming podcasts: David Gerard MicroStrategy Inquiries And more! --- Send in a voice message: https://podcasters.spotify.com/pod/show/when-the-music-stops/message

Om Podcasten

In a crowded landscape of new millionaires and infinite upside expectations, Aviv Milner investigates the Blockchain bubble to ask what will happen when the music stops. From NFTs to Binance pump tokens, this podcast takes a deeper look at the damage done by a completely unregulated market.