Paolo Ardoino and Tether’s $120B Stablecoin Empire | CoinDesk Spotlight

Tether CEO Paolo Ardoino joins Bullish CEO Tom Farley at CoinDesk Spotlight to discuss the rise of USDT, the largest stablecoin with a nearly $120 billion market cap. Plus, the secret behind Tether's profitability and its role in revolutionizing the world of finance. Paolo also answers some of the challenging questions that the crypto community has about the third largest crypto asset. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Timestamps: 00:00 Cold Open 00:29 Intro 01:52 Paolo's Journey: From Coding to Crypto 03:24 The Birth of Tether 07:41 Tether's Strategy and Vision 10:08 How Tether Beats the Competition 17:31 Tether's Focus on the Unbanked 22:12 Tether's Investment in U.S. Treasuries 24:02 Tether's Compliance and Security Measures 31:45 Addressing Skepticism and Future Plans 40:27 MiCA and What It Means for Stablecoins #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk/ Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.