Bonus Interview: Unraveling the Tether Mystery With Bennett Tomlin
We got a bonus interview for everyone this week. Bennett Tomlin has been following Tether for years and gave us some fantastic insights into how exactly this stablecoin can influence the cryptocurrency markets. Confused or want to learn more? Check out Bennett's blog. Here are the questions we asked Bennett:
When did you first find out about Tether?
What is Tether supposed to be? How is a stablecoin supposed to work?
How do you think Tether actually works?
Tether is backed by certain financial instruments. What information does the public have on that? How does it play into the Tether story?
How large is Tether? What sort of knock-on effects could it have if it went away?
Why do you think Tether is comparable to a Wildcat bank?
Who invented Tether?
What lies has Tether told over the past few years? How does it connect to this story behind what Tether really is?
How does Bitfinex come into the equation?
What scenarios do you think could happen for Tether moving forward? How does this end? What sort-of regulation/legislation is being proposed?
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Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.