Tether's CEO Speaks on His Insanely Profitable Business

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 7 April 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anything crypto-related is frequently greeted with a high degree of skepticism. Within that, one of the most controversial companies for a long time has been Tether, the company behind the popular stablecoin USDT. But despite people predicting otherwise, the company has boomed. It's insanely profitable. It's one of the largest holders of US Treasuries in the world. And because of the change in the US administration, it's gathering fans in Washington, DC. In this episode, we speak with Tether CEO Paolo Ardoino about what it's like to run this business, how they work with law enforcement, future growth opportunities, and why, after all these years, it's still never had a formal audit.

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1:15.7	Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Allaway.
1:17.0	And I'm Joe Wisenthal.
1:19.7	Joe, it is April here in New York.
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1:34.8	It's put me in a very thoughtful mood, a whole decade since Joe tricked slash enticed me into coming here. So thank you, Joe. Are you happy about how to work that? I can't. I can't complain.
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	...

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