The Crypto Invention That Matters More Than Bitcoin w/ Tether co-founder
The Milk Road Show - A podcast by The Milk Road Show
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Imagine a company that's raking in $5.2 BILLION in net profit in just six months... That's $29 MILLION per day, $1.2 MILLION per hour, and $20,000 per minute! Welcome to Tether, the most profitable company in crypto, and possibly the world. But what's behind this unprecedented success? Join us as we sit down with Tether's co-founder, William Quigley, to explore the misconception around Tether's USD peg, and the impact of stablecoins on DeFi and crypto as a whole. You'll learn: • The truth behind Tether's USD peg and how it really works • The impact of stablecoins on DeFi and the broader crypto market • Why governments might create CBDCs, and what it means for privately issued stablecoins And more... 🔥 Don't forget to enter our raffle! We're giving away access to our crypto investing masterclass, Milk Road PRO subscriptions, and a mystery box! Just subscribe to our YouTube channel and post a screenshot on Twitter or Instagram tagging @milkroaddaily for an extra entry. Winners will be announced on September 4th! 🤝 HELP US GROW 🤝 Subscribe to our YouTube channel 🚀 Unlock the full potential of liquid restaking with Kelp DAO: https://out.milkroad.com/KelpDAO0826Podcast 🥛 Get smarter about crypto in 5 minutes with our daily, free newsletter: https://link.milkroad.com/pod-newsletter 💰 Go PRO and become a better investor with the #1 crypto research and analysis: https://link.milkroad.com/pro-podcast ✊ Follow Milk Road on Social Media: 👉 Milk Road Twitter: https://link.milkroad.com/pod-x 👉 Milk Road Instagram: https://link.milkroad.com/pod-ig 👉 Jay's Twitter: https://link.milkroad.com/pod-x-jay 👉 YouTube: https://www.youtube.com/@MilkRoadDaily 🎙 GUEST INFO 🎙 William Quigley X: https://x.com/WilliamEQuigley ⏱ TIME POINTS ⏱ 00:00 - Intro 01:50 - How did Tether become the most profitable company in crypto? 03:56 - Why was Tether created? 07:50 - Tether is NOT pegged to the US Dollar 12:50 - The impact of stablecoins on the cryptocurrency market 19:40 - Uncovering the relationship between Tether and the government 32:40 - The benefits of Tether 39:40 - Outro
