Tether USDT Financial Reports Explained & Analysed w 0xSouvlaki BeethovenX

11/28/22 • 54 min

Souvlaki is the Head of Financial Reporting at BeethovenX, a decentralized exchange that runs on both Fantom and Optimism. Before moving to DeFi, Souvlaki spent a decade working at two of the Big Four auditing firms, and another five years at one of the largest TradFi investment banks in the world.
Souvlaki's experience makes him the perfect individual to provide insights regarding Tether in the context of the ongoing controversy that surrounds them and their stablecoin, USDT, with respect to the recent issues of financial disclosures or lack thereof. In today's episode, Souvlaki and I dive in to uncover some the following topics:
► Souvlaki's experience and misconceptions around auditing
► Tether's background and the USDT controversy
► Tether's disclosures and reports
► How to digest information from these reports with respect to the landscape post-FTX collapse
► Our thoughts on Proof-of-Reserves and the other disclosures investors need
🔗 Useful Tools 🔗
Ledger Hardware Wallet 👉 https://bit.ly/3hMmR3T
🔗 Useful Links 🔗
Sign up for our FREE daily newsletter 👉 https://www.revelointel.com/
Revelo Intel Twitter 👉 https://twitter.com/ReveloIntel
Nick Drakon Twitter 👉 https://twitter.com/NickDrakon
Defi Sparks Podcast Twitter 👉 https://twitter.com/DefiSparks
Defi Sparks Podcast 👉 https://www.defisparks.com/
Souvlaki Twitter 👉 https://twitter.com/0xSouvlaki
Tether Reports 👉 https://tether.to/en/transparency/#reports
Beethoven X Video 👉 https://www.youtube.com/watch?v=P84DYOiTfIM
Beethoven X App 👉 https://beets.fi/
Beethoven X Twitter 👉https://twitter.com/beethoven_x
----------
📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#tether #usdt #BeethovenX #Beethovenftm #BeethovenFantom #beets #beetswars #beetsftm #beetsfantom #fantom #ftm #nickdrakon #defisparks #defi #crypto #stablecoin #revelointel

Previous Episode

LandX Finance brings Farmland Commodities & Sustainable Yield to Crypto

LandX is a protocol that allows users to directly invest in the Real Yield generated by real world farmlands and crops. LandX has found a way to bring real world productive assets onto the blockchain that are otherwise difficult to gain access to unless you physically buy farmland.
In my chat with LandWalker, we discuss what opportunities lie in the macro picture for farmland and the approach LandX has taken to bring these assets on chain along with other topics like:
► Why commodities are an interesting investment
► Economics of LandX
► When is LandX launching?
► How LandX makes money
► Macroeconomic impacts on global farmland markets
🔗 Useful Links 🔗
Sign up for our FREE daily newsletter 👉 https://www.revelointel.com/
Revelo Intel Twitter 👉 https://twitter.com/ReveloIntel
Nick Drakon Twitter 👉 https://twitter.com/NickDrakon
Defi Sparks Podcast Twitter 👉 https://twitter.com/DefiSparks
Defi Sparks Podcast 👉 https://www.defisparks.com/
LandX App 👉 https://testnet.landx.fi/
LandX Discord 👉 https://discord.com/invite/landx
LandX Twitter 👉https://twitter.com/landxfinance
LandX Docs 👉 https://landx.gitbook.io/landx/introduction-to-landx/video-explainer
----------
📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#BeethovenX #Beethovenftm #BeethovenFantom #beets #beetswars #beetsftm #beetsfantom #fantom #ftm #nickdrakon

Next Episode

Interest Rates in Crypto: Insights from IPOR Labs Darren Camas

Join Nick Drakon and Darren Camas, CEO of IPOR Labs, as they discuss interest rates in DeFi and explore the history and importance of LIBOR, the cost of capital, and the role of trust in finance. Learn about the potential for DeFi to disrupt traditional finance and the future of interest rates in a decentralized world.
IPOR Labs has developed and launched the IPOR Indexes, which benchmark the cost of capital that is interest rates in DeFi. Using that foundation they've started to build products and services on top of that in the form of interest rate derivatives and swaps. These are very useful in DeFi and interest free, and we're going to go into that in this video. We delve into the role of trust in centralized finance and the potential for DeFi to offer a decentralized alternative. We also explore the future of interest rates in a DeFi-dominated world and the potential impact on traditional finance.
🔗 Useful Tools 🔗
Ledger Hardware Wallet 👉 https://bit.ly/3hMmR3T
Trezor Hardware Wallet 👉 https://bit.ly/3PhZb3M
🔗 Useful Links 🔗
Subscribe to FREE Daily Newsletter 👉 https://www.revelointel.com/
Nick Drakon Twitter 👉 https://twitter.com/NickDrakon
Revelo Intel Twitter 👉 https://twitter.com/ReveloIntel
IPOR Labs Website 👉 https://www.ipor.io/
IPOR Labs Discord 👉 https://discord.gg/EtDnK6GTY2
IPOR Labs Twitter 👉https://twitter.com/ipor_io
----------
📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#NickDrakon #ReveloIntel #DeFiSparks #IPORLabs #DEFI #InterestRates #LIBOR #Crypto #CentralBanking #Finance