Part 6/8:
Amid discussions of privacy, Bitcoin, and institutional influence, Joel took time to cover the ongoing developments in the stablecoin realm, particularly Tether (USDT). The discussions highlighted how Tether acts as a bank account for many people in the Global South, resulting in its rising profile as a medium for everyday payments.
The conversation also referenced the concept of U.S. authorities monitoring Tether's activities. Despite numerous criticisms and concerns over its backing and legitimacy, Tether continues to maintain its place in the cryptocurrency hierarchy. The interplay between Tether and regulatory frameworks, like the imminent changes in the EU, adds another layer of complexity to its future.