WSJ Raises New Questions About Tether Loans

Tether is discovering that, once asked, questions about its financial position will persist. Yesterday, the Wall Street Journal reported that the largest stablecoin by market capitalization is “lending its own coins to customers rather than selling them for hard currency upfront.” Tether denies this characterization of its lending practices. At the top of today’s Real Vision Crypto Daily Briefing, Jeremy Varlow and Ash Bennington discuss the validity of the WSJ’s report. Later, Jeremy and Ash welcome Framework Ventures co-founders Michael Anderson and Vance Spencer to talk about the crypto market in the aftermath of the FTX meltdown, including what venture capitalists are thinking right now and how regulation might be shaped by recent events. We also assess Magic Eden’s decision to offer enforced royalties on NFT sales.
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Tether is discovering that, once asked, questions about its financial position will persist. Yesterday, the Wall Street Journal reported that the largest stablecoin by market capitalization is “lending its own coins to customers rather than selling them for hard currency upfront.” Tether denies this characterization of its lending practices. At the top of today’s Real Vision Crypto Daily Briefing, Jeremy Varlow and Ash Bennington discuss the validity of the WSJ’s report. Later, Jeremy and Ash welcome Framework Ventures co-founders Michael Anderson and Vance Spencer to talk about the crypto market in the aftermath of the FTX meltdown, including what venture capitalists are thinking right now and how regulation might be shaped by recent events. We also assess Magic Eden’s decision to offer enforced royalties on NFT sales.

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