An insightful podcast about Tether with Gregory Pepin, deputy CEO at Deltec Bank and Trust⬇️
https://youtu.be/rQ3nQ8-KY28
https://youtu.be/rQ3nQ8-KY28
YouTube
Is Tether a Fraud? Its Bank Says It's Not - Ep.161
Gregory Pepin, deputy CEO of Deltec Bank and Trust, responds to allegations in a blog post by the pseudonymous Crypto Anonymous, that Tether is a "highly probably fraud." In this episode, he covers:
how Deltec accounts for its reserves, and why they didn't…
how Deltec accounts for its reserves, and why they didn't…
Hear Paolo Ardoino, CTO at Tether, discuss the incredible success story of Tether tokens (USDt), the most liquid stable and trusted stablecoin⬇️
https://podcast.encrypt-d.com/the-tech-scoop-on-bitfinex-and-tether
https://podcast.encrypt-d.com/the-tech-scoop-on-bitfinex-and-tether
Encrypted
Encrypted: #Ep. 78: Tech Scoop on Bitfinex and Tether from Stablecoins to Global Decentralised Liquidity
USDT, Tether, and everything in between. In this episode, we have the CTO of Bitfinex and Tether, Paolo Ardoino, who shares all you need to know about Bitfinex, and Tether. From discussing the backing of Tether to the future of exchanges and stablecoins,…
Today, in about 4h, an exchange will convert 2B Tether tokens TRC20 to ERC20.
You'll see multiple ERC20 authorisations, followed by TRC20 <=> ERC20 swaps and a final TRC20 burn.
As result of this operation the number of issued Tether tokens in circulation won't change.
Learn more about chain swaps ⬇
https://tether.to/explained-chain-swaps/
You'll see multiple ERC20 authorisations, followed by TRC20 <=> ERC20 swaps and a final TRC20 burn.
As result of this operation the number of issued Tether tokens in circulation won't change.
Learn more about chain swaps ⬇
https://tether.to/explained-chain-swaps/
First 400M swap ⬇
https://tronscan.org/#/transaction/fc36835b1552f10d075269488deae0b09287c28390a33f1f2e813a5d3187e12c
https://etherscan.io/tx/0x9e9d2b8e277beccfd74d789b68fde07bcc8514c38a072f9dbdf2e37e83d58de0
Please note that a 2B TRC20 USDt burn will happen after additional 3x400M swaps will be completed.
https://twitter.com/paoloardoino/status/1356935115771895810
https://tronscan.org/#/transaction/fc36835b1552f10d075269488deae0b09287c28390a33f1f2e813a5d3187e12c
https://etherscan.io/tx/0x9e9d2b8e277beccfd74d789b68fde07bcc8514c38a072f9dbdf2e37e83d58de0
Please note that a 2B TRC20 USDt burn will happen after additional 3x400M swaps will be completed.
https://twitter.com/paoloardoino/status/1356935115771895810
2nd authorization (out of 5) ⬇
https://twitter.com/paoloardoino/status/1356939810963881985
https://twitter.com/paoloardoino/status/1356939810963881985
Twitter
2nd authorization (out of 5)
https://t.co/k7UyTBJWmu
https://t.co/k7UyTBJWmu
Third 400M swap ⬇
https://tronscan.org/#/transaction/ac1960e05493a8c7667cd97d6127d0aad0b70bb92e4c915e1ee88e6c769bea3e
https://etherscan.io/tx/0xd39bc72b523058bd7ee104a34e8cfcbc71753f7d1eaad3bdf1f0314c3f41f910
(note a 2B TRC20 USDt burn will happen after additional 2x400M swaps will be completed)
https://tronscan.org/#/transaction/ac1960e05493a8c7667cd97d6127d0aad0b70bb92e4c915e1ee88e6c769bea3e
https://etherscan.io/tx/0xd39bc72b523058bd7ee104a34e8cfcbc71753f7d1eaad3bdf1f0314c3f41f910
(note a 2B TRC20 USDt burn will happen after additional 2x400M swaps will be completed)
Forth 400M swap⬇
https://tronscan.org/#/transaction/28d148c28c2177bf1a88fc961e507a7b0128b4dbec24e90e68581f2f465851aa
https://etherscan.io/tx/0xcfff47068a9b6c1b4453f1508b9dbfacc46f337ad282b011ae8a7afe044d2e85
(note a 2B TRC20 USDt burn will happen after additional 1x400M swaps will be completed)
https://tronscan.org/#/transaction/28d148c28c2177bf1a88fc961e507a7b0128b4dbec24e90e68581f2f465851aa
https://etherscan.io/tx/0xcfff47068a9b6c1b4453f1508b9dbfacc46f337ad282b011ae8a7afe044d2e85
(note a 2B TRC20 USDt burn will happen after additional 1x400M swaps will be completed)
Fifth 400M swap ⬇
https://tronscan.org/#/transaction/2f1e3323071615e6f6c885d8db72d11794a8f71055a7840f2d6729f8dcc335f9
https://etherscan.io/tx/0x6def065b1c03874af7401624a14da222c49f101745efdb076954485aa2fd2ae9
(note a 2B TRC20 USDt burn will happen in the next 60 minutes)
https://tronscan.org/#/transaction/2f1e3323071615e6f6c885d8db72d11794a8f71055a7840f2d6729f8dcc335f9
https://etherscan.io/tx/0x6def065b1c03874af7401624a14da222c49f101745efdb076954485aa2fd2ae9
(note a 2B TRC20 USDt burn will happen in the next 60 minutes)