Bitcoin Boom: Tether's Massive Investment and Total Transparency, Revealed by Paolo Ardoino

In this episode of "The Wolf Of All Streets," I sit down with Paolo Ardoino, CTO of Tether, as we delve into the details of Tether's massive Bitcoin investment and its commitment to transparency. Paolo dissects several significant events such as a staggering $7 billion USDT redemption in 48 hours, discusses potential de-pegging, and analyzes how Tether assists the USD. In the midst of recent regulatory ambiguity, Ardoino sheds light on Tether's efforts to educate regulators, the role of stablecoins in the market, and the impact of the crypto market reopening in China/Hong Kong.

Paolo Ardoino:

►► OKX
Sign up for an OKX Trading Account then deposit & trade to unlock mystery box rewards of up to $10,000!

►►THE DAILY CLOSE
BRAND NEW NEWSLETTER! INSTITUTIONAL GRADE INDICATORS AND DATA DELIVERED DIRECTLY TO YOUR INBOX, EVERY DAY AT THE DAILY CLOSE. TRADE LIKE THE BIG BOYS.

►►NORD VPN
GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!

►►COINROUTES
TRADE SPOT & DERIVATIVES ACROSS CEFI AND DEFI USING YOUR OWN ACCOUNTS WITH THIS ADVANCED ALGORITHMIC PLATFORM. SAVE TONS OF MONEY ON TRADING FEES LIKE THE PROS!

►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY!

Follow Scott Melker:

#Bitcoin #Crypto #Tether
0:00 Intro
1:17 FOIL
4:03 Curve pool
6:10 $7 Billion USDT in redemptions in 48 hours
9:37 De-peg
11:50 Educating the regulators
16:50 Security issues
17:27 How Tether helps USD
19:45 Stablecoin regulatory clarity
23:00 China/Hong Kong reopens to crypto
24:40 Tether buys Bitcoin

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

[Lizparzen]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Claudia Jenkins.

[makedaily]

Thank you so much for this video, I learned so much.

[rod]

Love it. This will age well like the Alex Mashinsky, Do Kwon and Sam Bankman interviews telling you not to worry everything is working as planned. Once tether is gone Bitcoin can get back to business.

[jordancudney]

First understanding the financial market and how it works then you need to know how to study the market charts. Thanks to Francine Duguay for showing me the appropriate way to get into Crypto investing and trading with her trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Aaron Addison .

[robertolopez]

Great interview! Only a little detail, just at the beginning on minute 1:11 the name showed over CTO at Tether and Bitfinex was PAVEL BAINS instead of PAULO ARDOINO, a bit confusing.

[bighomie]

Good stuff Scott. Loving the Twitter spaces too btw.

[martinrichardson]

One of the main reasons I have confidence in Tether is because CZ delisted numerous stablecoins on Binance, but made an exception for USDT and BUSD. It may have been a strategic move to strengthen their market position, but it was the right decision. While USDC recently depegged due to issues with US banks, USDT maintained its peg without any problems. As a result, Tether's market capitalization continued to grow, solidifying its position in the market.

[kenasandsummer]

Full respect Scott, always like your content ✅🙏

[luluweb]

USDT is ranking at number 3 in the top crypto charts for a reason, man. It's doing exactly what it's designed to do - being a stablecoin and holding steady at that sweet $1 mark!!!

[stevens]

i think usdt is the best right now... tether has the highest trading volume compared to other stablecoins in the market, and it managed to maintain its price even during the toughest times in a bear market when other stablecoins were dropping. now that its market cap has grown larger, i believe we can expect its continued growth. who knows, it might even surpass eth in the near future?

[tonyirrationalexuberanceas]

Scott I always love your videos however, this guy took control of the interview and led you down whatever road he wanted but I have a different view on this than

[rjames]

‘Show me the charts, and I’ll tell you the news’ 📈

Litecoin 2023 mining ⛏ reward halving closer by the day⏳

2015 and 2019 halvings saw big price rises for Litecoin, then Bitcoin.

[BadmaashCo]

Doomberg claims tether has been counterfeiting tether. Tether can't be trusted per Doomberg.

[wellsdells]

Bitcoin is a trillion-dollar asset. The first and largest cryptocurrency set a new high of $56, 739.48 Friday morning, the magic number at which the market value of all bitcoins in circulation is worth $1 trillion.I did some research and I have been benefiting from investing.

[MegaUnoacaso]

I'm in Europe and i don't have a bank account 'cause i don't trust banks. And i am sure i am not alone.

[brettferguson]

I think all the bad shit they are talking around Tether are greatly exaggerated though. Its been a reliable stable coin so far for me.

[Josevely]

Crypto trading is a risky thing to do, particularly for non-professionals. I learnt that in 2020 when I lost almost everything, but I switched to using a financial advisor who has better knowledge of trading than I do and I've been returning at least $22k every month, just too bad I didn't learn this earlier on.