Tether

“I'm not backing off, I just don't want to lose a member of our little quartet here, but I will say that my fraud of the moment, the one that's making my Spidey sense go crazy, is Tether.”

“My guess is that Tether is solvent. I don't think it's, it lacks solvency”

“So I think this is the beginning Of the end, not the end of the beginning.”

“Tether should just go public in America and be done with it.”

“Tether will under this act will have three years to come on shore. But the bottom line is they will have to operate in the United States.”

“This year, they'll be the fourth largest purchaser of US treasuries.”

“Gold is up because there are many more net new buyers. Who is the most important net new buyer? It's Tether. Tether has been issuing a stable coin called Tether Gold, where they'll actually custody the gold on your behalf, and it's the amount and volumes of it…”

“Upwards of more than 95%.”

“There are five hundred million people using US dollar backed stablecoins from Tether all around the world, all over Africa, all over Central America, all over Asia, number one.”

“His user base is growing by thirty million users a quarter.”

“It's not currently compliant under the genius act in the U S and so it doesn't follow those same hundred percent reserves in short term U S treasuries is my understanding.”