Is Tether a fraud? (with guest Dr. Sean Stein Smith)
Download MP3Stablecoins are cryptocurrencies backed one-to-one with U.S. dollar - in theory - but that has never really been tested. One of the biggest stablecoin issuers, Tether, has never been audited. It's a mysterious organization with $80 billion in assets, making it one of the largest "banks" in the world, but nobody knows where those billions are stashed. Dr. Sean Stein Smith joins the show to discuss Tether, the risks of unregulated stablecoins, and what accountants need to know.
Referenced in the episode:
The Cloud Accounting Podcast, Episode 263, "Crypto Is A Scam"
https://www.cloudaccountingpodcast.com/263
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The Cloud Accounting Podcast, Episode 263, "Crypto Is A Scam"
https://www.cloudaccountingpodcast.com/263
Sign up to get free CPE for listening to podcasts:
https://earmarkcpe.com
Download the Earmark CPE App:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
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https://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/
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