Tether Has Stood the Test of Time, Says Co-founder

William Quigley discusses the crypto credit crisis, highlighting the role of leverage and the distinction between DEFI and C5. He explains the differences between types of stable coins, focusing on Tether's backing and its resilience in the market. The conversation also covers Tether's collateral and its impact on the broader financial markets. Finally, Quigley addresses the future of stable coins in light of potential digital currencies from central banks, emphasizing the need for innovation.

What are the three types of stable coins mentioned in the text?

Why does the speaker believe that private stable coins are necessary despite central banks launching their own digital currencies?

What lessons can be learned from the issues faced by centralized finance companies in the crypto market?