Tether's 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

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