Raoul Pal: The Journey Man
Tether Shakes up Its Portfolio
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The company behind Tether, the world's largest asset-backed stablecoin by market capitalization, has cut its commercial paper holdings to zero. Tether's reserves have long been under scrutiny, with some analysts questioning whether its portfolio truly backs its peg to the U.S. dollar. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Marco Olivera discuss what this milestone means for Tether. Nico and Marco also talk about the rise of the digital yuan and Binance extending a helping hand to Bitcoin miners amid crypto winter. Plus, by special request of a viewer, we welcome Dave the Wave to share his technical insights on Bitcoin, whether we’ve seen a bottom, and when the turnaround might happen.
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