Tethers 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 Find DeFi investment opportunities educational primers here Follow The Defiant Twitter: Discord: Instagram: Telegram: t. me, DefiantNews Contact our Newsroom Sponsorships Partnerships 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