#5: Tether (USDT) is the new Disneybucks

Aaron and Jay try to understand how Tether works and whether its collapse could bring down the entire crypto house of cards. Plus the Coincheck hack and some listener questions from Twitter.

(Since this episode was taped last night, it was reported that Tether and Bitfinex had received a subpoena from the CFTC on December 6th.)

"U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether" (Matthew Leising, Bloomberg)

7:50 Tether (USDT)

17:09 Tweet by @Nouriel

25:13 "Japan’s Cryptocurrency Whiz Kid Faces $530 Million Reckoning" (Takashi Mochizuki, Wall Street Journal)

27:04 Stablecoin (SBC)

33:47 "More than 1 million people sign up for early access to Robinhood's new crypto trading service" (Evelyn Chang, CNBC)

36:42 Tweet by @PeterLBrandt

44:32 Oink's Pink Palace

46:09 The Silver Jews

Thanks to our partner Medium! Read a transcript of every episode at medium.com/cointalk