Tether’s CTO Explains Why USDT is Still Not Audited

Today we are joined by Tether CTO Paolo Ardoino. We discuss Tether’s banking partners, its reserve composition, its latest attestation, and why the stablecoin issuer still hasn’t presented an audit. Ardoino puts some of the blame on auditing firms. 00:00 Intro 01:11 How does Tether work? 05:25 Tether Banking Partners 13:45 Moody’s Names Banking Connections 25:56 Tether Attestation and Excess Reserves 35:32 Why No Audit? 40:00 Tether vs. Circle Attestations and CUSIP Codes 42:00 Healthy Pressure ✨ Check out our new website ✨ 🚀 Sign up to our newsletter 🚀 #pricing?utm_source=YT&utm_medium=social&utm_campaign=signup 🤑 Find DeFi investment opportunities & educational primers here ✊ Follow The Defiant Twitter: Discord: Instagram: Telegram: 📬 Contact our Newsroom editorial@ 🤝 Sponsorships & Partnerships sponsors@ 💚 Follow The Defiant team on Twitter Camila Russo: Alp Gasimov: yyctrader: Owen Fernau: Devin Sawyer: Samuel Haig: Diego Cabral: Pab: Tegan Kline: Jeremy: #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3