CMS Holdings Group: The Wealth Effect and Dispelling Concerns About Tether

Published on
March 15th, 2021
60 minutes

CMS Holdings Group: The Wealth Effect and Dispelling Concerns About Tether

The Interview - Crypto ·
Featuring Daniel Matuszewski and Sebastian Moonjava

Published on: March 15th, 2021 • Duration: 60 minutes

Daniel Matuszewski, co-founder of CMS Holdings Group, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss investment strategy in crypto, concerns over market risks from stable coins, and the wealth effect. Matuszewski’s experience working at Circle has given him an insider’s view of the stable coin minting process for USDC, and this causes him to feel confident that the periodic concerns about Tether are overblown. He points out that many people are using Tether and other stablecoins simply to hold or utilize for purposes not related to crypto trading, and he explains that this additional demand for stable coins beyond trading may account for much of the continued large minting of Tether, citing that many people have concerns over constant increase of Tether supply. Matuszewski touches on the impact of the coming Coinbase IPO, stating that he believes that many other exchanges and exchange tokens may see a rise in value due to the large expected valuation of Coinbase. Filmed on March 4, 2021.

Key Learnings: Matuszewski believes that concerns over Tether are overblown and, therefore, likely pose little risk—if any at all. Coinbase’s IPO may push the value of other similar assets up such as exchange tokens.