What's up everyone? This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube,

and tell your friends and family about the podcast. My goal is to help millions learn from

the world's most interesting people. So let's get in to today's episode. Palo Ardano is the

CTO of Tether. In this conversation, we talk about the rise of stable coins, whether the market

is winner take all or not, how they think about treasury management, how they ensure that the peg stays actually backed by dollars, what he thinks about regulation and audits, how they think about accumulating more Bitcoin, where the demand for tether will increase or decrease if banks become more friendly, the importance of FDIC insurance,

the popularity of Tron and Binance Smart Chain as blockchains for Tether, and what the impact

in terms of stable coins will be on Bitcoin adoption globally. I really enjoyed the conversation

with Palo, even the parts where we get into how big the business is, both from

a revenue, a profit, and an employee headcount standpoint. I think that you'll learn a ton

in my conversation, and I'm really excited to hear your feedback. So once you get done listening,

jump on Twitter and go ahead and let me know, what did you like? What did you not like? What

questions do you think were answered well? And what questions do you think I should

ask that I didn't? All feedback is welcome. Here is my conversation with Palo Ardano. Anthony

Pompleano runs Pomp Investments. All views of him and the guests on his podcast are solely their

opinions and do not reflect the opinions of pomp investments. You should not treat any

opinion expressed by pomp or his guest as a specific inducement to make a particular investment

or follow a particular strategy, but only as an expression of his personal opinion. This podcast

is for informational purposes only. All right, guys, bang, bang. Paul, I thought a great place

for us to start this conversation is the rise of stable

coins.

Obviously, they used to be very small, almost non-existent.

Now we have about $125 billion market cap, of which tether is the largest stable coin.

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