It’s also possible to hearken to this podcast on iono.fm right here.
Within the newest episode of the Crypto Pod, FiveWest CEO Omer Iqbal takes us via the astonishing rise of US dollar-pegged stablecoin Tether – now probably the most worthwhile crypto firm on the planet and some of the worthwhile firms on the planet.
Rivals – together with banks – are eyeing Tether’s $13 billion revenue in 2024 with envy, and lots of are planning to launch their very own stablecoins.
What explains the extraordinary rise of stablecoins? Hundreds of thousands of Africans are utilizing them to flee weak native currencies, whereas firms are changing native forex reserves into stablecoins to guard in opposition to inflation and forex depreciation.
Learn/hear:
The way to dollarise your life with stablecoins
Why Africans are falling in love with US greenback stablecoins
In different phrases, stablecoins provide a means for Africans to dollarise their earnings and financial savings.
Iqbal explains that Tether operates very similar to a privately owned central financial institution, with reserves equal to greater than $140 billion.
That provides it huge energy within the international monetary system, and its goal of 100% collateral means it’s safer than nearly all banks. Every time a stablecoin is bought, it’s robotically backed by an equal in USD money or US Treasuries.
How sustainable is that this mannequin? There have been questions – and courtroom instances – about Tether’s reserve backing, and one solution to silence the naysayers is to supply real-time audits.
Iqbal additionally particulars FiveWest’s plans to emulate Revolut – the worldwide cross-border funds big – successfully marking out its territory as a digital financial institution.
Tune in to the total episode to listen to extra about Tether’s position within the crypto world.
For earlier Moneyweb Crypto Pod episodes, click on right here.
It’s also possible to join our crypto publication.
It’s also possible to hearken to this podcast on iono.fm right here.
Within the newest episode of the Crypto Pod, FiveWest CEO Omer Iqbal takes us via the astonishing rise of US dollar-pegged stablecoin Tether – now probably the most worthwhile crypto firm on the planet and some of the worthwhile firms on the planet.
Rivals – together with banks – are eyeing Tether’s $13 billion revenue in 2024 with envy, and lots of are planning to launch their very own stablecoins.
What explains the extraordinary rise of stablecoins? Hundreds of thousands of Africans are utilizing them to flee weak native currencies, whereas firms are changing native forex reserves into stablecoins to guard in opposition to inflation and forex depreciation.
Learn/hear:
The way to dollarise your life with stablecoins
Why Africans are falling in love with US greenback stablecoins
In different phrases, stablecoins provide a means for Africans to dollarise their earnings and financial savings.
Iqbal explains that Tether operates very similar to a privately owned central financial institution, with reserves equal to greater than $140 billion.
That provides it huge energy within the international monetary system, and its goal of 100% collateral means it’s safer than nearly all banks. Every time a stablecoin is bought, it’s robotically backed by an equal in USD money or US Treasuries.
How sustainable is that this mannequin? There have been questions – and courtroom instances – about Tether’s reserve backing, and one solution to silence the naysayers is to supply real-time audits.
Iqbal additionally particulars FiveWest’s plans to emulate Revolut – the worldwide cross-border funds big – successfully marking out its territory as a digital financial institution.
Tune in to the total episode to listen to extra about Tether’s position within the crypto world.
For earlier Moneyweb Crypto Pod episodes, click on right here.
It’s also possible to join our crypto publication.
It’s also possible to hearken to this podcast on iono.fm right here.
Within the newest episode of the Crypto Pod, FiveWest CEO Omer Iqbal takes us via the astonishing rise of US dollar-pegged stablecoin Tether – now probably the most worthwhile crypto firm on the planet and some of the worthwhile firms on the planet.
Rivals – together with banks – are eyeing Tether’s $13 billion revenue in 2024 with envy, and lots of are planning to launch their very own stablecoins.
What explains the extraordinary rise of stablecoins? Hundreds of thousands of Africans are utilizing them to flee weak native currencies, whereas firms are changing native forex reserves into stablecoins to guard in opposition to inflation and forex depreciation.
Learn/hear:
The way to dollarise your life with stablecoins
Why Africans are falling in love with US greenback stablecoins
In different phrases, stablecoins provide a means for Africans to dollarise their earnings and financial savings.
Iqbal explains that Tether operates very similar to a privately owned central financial institution, with reserves equal to greater than $140 billion.
That provides it huge energy within the international monetary system, and its goal of 100% collateral means it’s safer than nearly all banks. Every time a stablecoin is bought, it’s robotically backed by an equal in USD money or US Treasuries.
How sustainable is that this mannequin? There have been questions – and courtroom instances – about Tether’s reserve backing, and one solution to silence the naysayers is to supply real-time audits.
Iqbal additionally particulars FiveWest’s plans to emulate Revolut – the worldwide cross-border funds big – successfully marking out its territory as a digital financial institution.
Tune in to the total episode to listen to extra about Tether’s position within the crypto world.
For earlier Moneyweb Crypto Pod episodes, click on right here.
It’s also possible to join our crypto publication.
It’s also possible to hearken to this podcast on iono.fm right here.
Within the newest episode of the Crypto Pod, FiveWest CEO Omer Iqbal takes us via the astonishing rise of US dollar-pegged stablecoin Tether – now probably the most worthwhile crypto firm on the planet and some of the worthwhile firms on the planet.
Rivals – together with banks – are eyeing Tether’s $13 billion revenue in 2024 with envy, and lots of are planning to launch their very own stablecoins.
What explains the extraordinary rise of stablecoins? Hundreds of thousands of Africans are utilizing them to flee weak native currencies, whereas firms are changing native forex reserves into stablecoins to guard in opposition to inflation and forex depreciation.
Learn/hear:
The way to dollarise your life with stablecoins
Why Africans are falling in love with US greenback stablecoins
In different phrases, stablecoins provide a means for Africans to dollarise their earnings and financial savings.
Iqbal explains that Tether operates very similar to a privately owned central financial institution, with reserves equal to greater than $140 billion.
That provides it huge energy within the international monetary system, and its goal of 100% collateral means it’s safer than nearly all banks. Every time a stablecoin is bought, it’s robotically backed by an equal in USD money or US Treasuries.
How sustainable is that this mannequin? There have been questions – and courtroom instances – about Tether’s reserve backing, and one solution to silence the naysayers is to supply real-time audits.
Iqbal additionally particulars FiveWest’s plans to emulate Revolut – the worldwide cross-border funds big – successfully marking out its territory as a digital financial institution.
Tune in to the total episode to listen to extra about Tether’s position within the crypto world.
For earlier Moneyweb Crypto Pod episodes, click on right here.
It’s also possible to join our crypto publication.
