Скачать или смотреть The Crypto Risk Hiding In Your Bank: Tether's $185bn Problem | UK Banking Breakdown

🚨 Midweek Special: The Tether Deep Dive UK Banks Need

Tether (USDT) is a $185 billion stablecoin that's never had a full audit. It made $13 billion profit in 2024 with under 400 employees. It was fined for misrepresenting reserves. And it's absolutely critical infrastructure for cryptocurrency markets globally.

If you work in UK retail banking compliance, risk, or senior management, this matters to you - even if your bank doesn't hold a single USDT token. Your clients do. Your payment flows touch it. Your fintech partners may depend on it. And if it breaks, the mess lands on your desk.

In this special episode, Alex and Jamie break down:
✅ What Tether actually is and how it became the backbone of crypto trading
✅ The extraordinary business model generating billions from interest on reserves
✅ Why it's never completed a full audit in 11 years of operation
✅ The regulatory history - CFTC fines, NYAG settlements, and DOJ investigation reports
✅ The controversial gold and Bitcoin reserves creating "circular risk"
✅ Why S&P just downgraded USDT to its lowest possible stability rating
✅ UK bank exposure channels - client holdings, payments, fintech relationships
✅ What risk and compliance teams should actually do about stablecoin exposure

KEY STATS:
• $185bn market cap - bigger than most UK banks
• 60% of entire stablecoin market
• $80-130bn daily trading volume
• Only backed 27.6% of the time during 2016-2018 (per CFTC findings)
• Holds 116 tonnes of gold and 100,000+ Bitcoin in reserves
• S&P "Weak" rating (lowest possible)

This isn't crypto speculation. This is risk management for UK banking professionals who need to understand the infrastructure their clients are using and the systemic risks embedded in digital asset markets.

🎧 RegTalkUK helps UK banking professionals stay sharp, stay informed, and stay ahead of regulation.

🔗 LINKS:
Read the full RegPulseUK article: https://regpulseuk.substack.com
Subscribe to RegTalkUK on Spotify: https://open.spotify.com/show/0atBHqe...


💬 WHAT DO YOU THINK?
How should UK banks approach stablecoin risk? Should regulators focus on USDT despite it being offshore? Share your thoughts in the comments.

⚠️ DISCLAIMER: This content is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Always consult qualified professionals for specific guidance related to your circumstances.

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