The journalist who interviewed me for FarWest a few days ago, asked me 36 minutes of questions to which he received extremely detailed answers. 2 minutes and 25 seconds were aired. Probably many of my answers were uncomfortable for those who finance the broadcast.
They have missed an opportunity to educate viewers, but this is simply a reconfirmation of a trend that works more and more in Italy.
Topics:
- what is Tether USDt
- USDt and the financial inclusion of more than 400 million people left behind by the traditional financial system. Our users are people who live in countries with very high inflation that have an extremely unstable currency (Turkish lira, Argentine peso, ...). Here there would be infinity to talk about. There are 3 billion people in the world who live without access to a stable currency, and Tether is doing more than anyone else in bringing a real, tangible solution that already works for hundreds of millions of users.
- how we manage USDt reserves
- solidity of Tether (over-reserved) against that of banks that make fractional reserve banking (on average 90%) putting depositors' savings at risk
- Attestation of reserves (standard for each stablecoin), progress towards obtaining a full audit. Here I explained how we are working towards a full audit (publicly announced), but that our attestation is extremely detailed and is independently validated (even by the American financial institution where the reserves are deposited, Cantor Fitzgerald). I also explained how the full audit is extremely important but it is not enough, many banks (silicon valley bank, credit suisse, ...) were all audited. Tether has more reserves than the digital dollars issued, being in fact the first fully-reserved financial institution (and this annoys the traditional world because it shows that you can do finance without endangering your users)
- why we decided to give up Europe. The journalist asks me a question (from someone who has studied the Tether topic zero before requesting an interview, or has read up on "that is" or "the fact", probably the same reliability): "is it true that Europe has excluded you because you don't have an audit?". There I answered in great detail why we believe (not only us) that MiCA poses a systemic risk to European banking stability. So we preferred to protect our current users who use Tether USDt as their only stable coin option. I have really been public countless times on the issue (many interviews and articles) but always happy to give further clarifications. I have given a lot of practical and tangible examples. This answer lasted quite a few minutes to be able to fully elaborate the thought without misunderstandings
- and much more
I smile when I see online those who comment saying they are a consultant for the program, all puffed up because "mom I'm on TV", without realizing that they have lent their name to an act of journalism not interested in my answers (since little was actually included) but more interested in folklore and media propaganda.
So before attacking assuming that I did not want to answer the questions, it would be appropriate to ask yourself why 1/15 of the interview was aired. Not 70%, or 50% or not even 20%... They aired 6.6% of the interview.
Not to mention a single question of mine that demonstrated the lack of transparency of the interview... "100 million of..."?
Thanks instead to many who opened their eyes. Bitcoin and Tether bother those who are servants of banks and the system.
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