EPISODE · Feb 4, 2022 · 35 MIN
Is Tether a fraud? (with guest Dr. Sean Stein Smith)
from Earmark Podcast | Earn Free Accounting CPE · host Blake Oliver, CPA
Referenced in the episode: The Cloud Accounting Podcast, Episode 263, "Crypto Is A Scam"https://www.cloudaccountingpodcast.com/263Sign up to get free CPE for listening to podcasts:https://earmarkcpe.comDownload the Earmark CPE App: Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appConnect with Our Guesthttps://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/Connect with Blake Oliver, CPALinkedIn: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/
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What this episode covers
Stablecoins are cryptocurrencies backed one-to-one with U.S. dollar - in theory - but that has never really been tested. One of the biggest stablecoin issuers, Tether, has never been audited. It's a mysterious organization with $80 billion in assets, making it one of the largest "banks" in the world, but nobody knows where those billions are stashed. Dr. Sean Stein Smith joins the show to discuss Tether, the risks of unregulated stablecoins, and what accountants need to know.
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Is Tether a fraud? (with guest Dr. Sean Stein Smith)
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