#343 Paolo Ardoino - How Tether (USDT) Works

Real Talk with Zuby

Zuby

Music, Health & Fitness, Entrepreneurship, Business, News, Politics, Society & Culture

4.8 • 1.2K Ratings

🗓️ 26 December 2024

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zuby is joined by Tether CEO Paolo Ardoino to discuss cryptocurrency and the future of stablecoins. Paolo explains how Tether (USDT) works and the global use case for it. The two discuss the 2017 crypto catalyst, demand for ‘digital dollars’, and Tether’s developments over the next decade. Paolo gets transparent about how Tether makes money and dispels the controversy that has enveloped the company over the years. The two also explore the rate of technological innovation and how the cryptocurrency industry will progress.

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Timestamps:

(00:00) Introduction

(05:18) What is Tether?

(07:30) 2017 crypto catalysts

(10:33) Why do we need digital dollars?

(16:31) Macro outlook & Tether over the next decade

(27:53) How does Tether make money?

(32:28) Clarity on Tether’s progress

(46:15) Tether’s investments

(59:48) The rate of technological change

(1:05:58) Cusp of demise or human flourishing?

(1:07:39) How the cryptocurrency industry will progress

(1:10:15) Outro

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Transcript

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0:00.0	Tether was born in 2014 as a simple idea.
0:05.0	Let's take the brilliant innovation that Bitcoin created was called blockchain.
0:10.0	And let's put on top of this blockchain the most used currency in the world that is the US dollar.
0:17.0	I am the man sick with a slang, sick and I'm destined for fame.
0:23.6	Two for the fan, not for the grand, stunting you're destined for pain.
0:26.6	I do not frown, I do not scam, put some respect on my name.
0:29.6	Sick like a pain, click and a bang, y'all gonna remember the name.
0:33.6	Y'all don't remember the name.
0:35.6	I'd like to welcome you back to the Real Talk with Zubi Podcast. On today's up, ladies and gentlemen, boys and girls around the world? I'd like to welcome you back to the Real Talk with Zubi podcast.
0:41.1	On today's episode, we're going to be having a fascinating conversation with a brilliant
0:45.3	guest.
0:46.3	He is the CEO of Tether and also the CTO of one of the biggest cryptocurrency exchanges in
0:53.3	the world, Bitfinex.
0:55.1	And this is Paolo Ardoino. Welcome to the show. How you doing?
0:58.2	I'm doing great. Thank you very much for having me. It's a big pleasure.
1:01.2	Paolo, we've been trying to organize this for a while, so I'm glad to finally get you on.
1:06.6	I've done a very brief intro there. I'm sure that some of my listeners are going to be familiar with who you are. They're going to know about Tether, but a lot of them will not. So can you
1:15.0	please give a little introduction to yourself and what it is that you do?
1:19.3	Sure. I've been a software developer all my life. I grew up in a very small town in Italy.
1:25.6	I guess you can see, you can understand my accent.
1:29.6	And that I'm Italian, I'm around 40 years old.
1:35.1	I grew up in this small town, a farmer's town in Italy.
	...

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