June 21st, 2024

Jimmie and Lee reflect on the U.S. Open at Pinehurst before discussing Tether's new synthetic dollar backed by gold, a mysterious new anti-Tether publicity campaign, a new paper dissecting stablecoin run risks, and the reemergence of meme coins. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Related Links: Tether Announces New Synthetic Dollar aUSDT That's Backed by Gold: https://www.bloomberg.com/news/articles/2024-06-17/tether-announces-a-new-synthetic-dollar-that-is-backed-by-gold 'Next FTX' crypto giant Tether's ties to terrorists, trafficking to be exposed through campaign to take down 'Ponzi scheme' founded by former Disney child star: https://www.dailymail.co.uk/news/article-13539493/Next-FTX-crypto-giant-Tethers-ties-terrorists-trafficking-exposed-campaign-ponzi-scheme-founded-former-Disney-child-star.html Could Stablecoins Destabilize Other Markets: https://www.chicagobooth.edu/review/could-stablecoins-destabilize-other-markets Solana-based DJT memecoin continues surge amid unsubstantiated report that it's tied to Trump: https://www.theblock.co/post/300707/solana-based-djt-memecoin-continues-surge-amid-unsubstantiated-report-that-its-tied-to-trump