Why stablecoin Tether is more profitable than Goldman Sachs.

--:--
Stablecoins, backed by real-world assets such as the US dollar, are on a rampage. Jon Ovadia, CEO of crypto exchange OVEX, explains how USD-backed stablecoin Tether, with just 100 employees, recently surpassed Goldman Sachs in terms of profitability. This, says Ovadia, will soon become a multi-trillion dollar business and account for most cross-border transactions.
9 Oct English South Africa Tech News · Investing

Other recent episodes

How crypto is cleaning up its regulatory act

Noah Perlman, chief compliance officer at Binance, talks about how the company is working with law enforcement and regulators to bring crypto into the regulated age. This follows the recent release of Binance founder Changpeng Zhao from imprisonment in the US for violating money laundering rules on the world's largest…
5 Nov 9 min

The new world of education built on the blockchain

One way to eliminate fraudulent university degrees is to post them on the blockchain for everyone to see. Two entrepreneurs – Shahid Hussein of Alchemial and Shan Han of Open Campus – are tackling education from different directions and posting the way to a brave new world of learning using…
30 Oct 22 min

What we've learned about crypto one year after licensing

Two hundred twenty-five licences have been issued in the last year, more than 100 companies withdrew their applications, and eight were declined. Deepfake scams are becoming alarmingly sophisticated, and scammers are making full use of social media to fool the unwitting, says Gerhard van Deventer, head of enforcement at the…
23 Oct 28 min