This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking to Grant Gulovsen, a private attorney specializing in crypto space.

This episode is sponsored by Unique One Network.

Grant is fascinated by the story of Tether, and so are we. Tether is the $62 billion stablecoin powering much of the liquidity in the crypto markets. What would happen if that mammoth project went belly-up? 

Grant has been watching Tether for years and has a few thoughts on the checkered history and unclear future of crypto’s favorite controversy. Why is tether’s backed/unbacked status so contentious? Why are so many in the crypto space skeptical of its centralized issuer? Why aren’t so many others?

Listen to Grant sharing his thoughts on Tether’s recent (and long awaited) treasury disclosure, how it looks compared to other stablecoins, rumors about bank fraud allegations, what actually can happen if USDT loses its peg to the U.S. dollar, and more.

Mentioned in this episode:

CoinDesk: Tether’s First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper

CoinDesk: Tether Executives Facing Criminal Bank Fraud Charges: Report

Unchained podcast: Is Tether a Fraud? Its Bank Says It's Not

CoinDesk: Tether Confirms Its Relationship With Auditor Has 'Dissolved'

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