Chapter
The Risks of Centralized Stablecoins like USDT
23:36 - 28:07 (04:31)
The use of centralized stablecoins such as USDT and USDC bring the possibility of classic run on the bank situations where customers could not redeem their stablecoins.
Clips
The speaker promotes two podcasts, Side Hustle Pro hosted by Nikayla Matthews-Akome and Marketing School hosted by Neil Patel and Eric Su, both of which cover topics related to marketing and entrepreneurship.
23:36 - 25:40 (02:04)
Podcasts
Summary
The speaker promotes two podcasts, Side Hustle Pro hosted by Nikayla Matthews-Akome and Marketing School hosted by Neil Patel and Eric Su, both of which cover topics related to marketing and entrepreneurship.
ChapterThe Risks of Centralized Stablecoins like USDT
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
This podcast discusses the concerns regarding Tether and other stablecoins and the potential for a "run on the bank" situation if too many people try to redeem their units for dollars.
25:41 - 28:07 (02:26)
Stablecoins
Summary
This podcast discusses the concerns regarding Tether and other stablecoins and the potential for a "run on the bank" situation if too many people try to redeem their units for dollars. These coins are also centralized and can be controlled or frozen by the issuing companies.