Weekly Roundup 05/20/22 (Terra aftershocks, El Salvador’s Bitcoin summit, Tether's redemption crisis) (EP.320)

Matt and Nic return for another week of news and deals. In this episode: 

• Was UST/Terra a ponzi or not?
• Fintech apps put client deposits into Anchor
• Tradfi yields are competitive with DeFi yields
• The GBTC discount reaches its highest ever level at -31% MSM crypto hate reaches a fever pitch
• The World Bank publishes a new paper on crypto adoption
• The Warren staff have a dossier of mean tweets
• Will generalist VCs lose interest in web3?
• El Salvador hosts a Bitcoin summit for a number of central banks
• Nic’s secret origin story
• Is eSwatini a dark horse candidate for the next Bitcoin Nation?
• The Biden admin suggests segregating client deposits at exchanges
• TradFi thinks Tether is about to collapse
• Why no stablecoins are able to secure audits
• Tether receives a new assurance opinion showing $39b of treasuries
• How many outflows can Tether accommodate?
• Differences in redemption between USDC and USDT
• What does a crackdown in offshore assets by the CCP have to do with Tether?
• Cloudflare’s wall of lava lamps
• Is it time for a new batch of FUD dice?
• We assess the quality of the Terra mea culpas

Content mentioned in this episode: 

• World Bank, The ascent of crypto assets: Evolution and macro-financial drivers

Sponsor notes:

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