In this video, Sam Bankman-Fried, the CEO of Alameda Research, explains why he is not worried about the recent speculation regarding the stability of Tether (USDT) and why he is confident in the cryptocurrency’s future. He begins by discussing the role that Tether plays in the cryptocurrency industry, highlighting the fact that it serves as a “bridge currency” for people who are looking to move their money between different blockchains. He then explains why he does not think that Tether is at risk of collapse, citing the fact that Tether is backed by a number of different banks, and that it has passed multiple audits. Bankman-Fried then goes on to explain that he believes that the recent speculation about Tether’s stability is due to fear-mongering and that it does not reflect reality. He notes that Tether is the most liquid cryptocurrency in the world and that its market cap is far larger than that of its competitors. Lastly, Bankman-Fried explains that he believes that Tether is here to stay and that it is going to continue to play a major role in the cryptocurrency industry.
