The chief executive of USDT stablecoin issuer Tether is reportedly working with US authorities to construct laws around dollar-pegged crypto assets. In a new post on the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether are “actively engaging” with the US government on how to best form laws […]
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The chief executive of stablecoin issuer Tether (USDT) says that quantum computing will allow hackers to steal Bitcoin (BTC) from lost wallets. In a new thread on the social media platform X, Tether CEO Paolo Ardoino predicts that while active crypto users may move their funds to quantum-resistant wallets, those who have abandoned or lost […]
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Tether is moving its operations from the British Virgin Islands to El Salvador after being granted a digital asset service provider license.
Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation.
In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said it planned to relocate its headquarters and subsidiaries to El Salvador due to its “forward-thinking policies, favorable regulatory environment, and [...] growing Bitcoin-savvy community.”
“This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets,” said Tether CEO Paolo Ardoino, adding:
Tether chief executive Paolo Ardoino is updating the quantity of Bitcoin (BTC) and other assets that the stablecoin issuer currently holds on its balance sheet. In a post on the social media platform X, Ardoino says Tether now holds over 82,000 Bitcoin, a stash worth approximately $5.8 billion at the prevailing BTC price. The stablecoin […]
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At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies Tether’s Asset Reserves Following Forum Presentation This week, tether’s market cap soared past $120 billion, making it about […]
Paolo Ardoino, the CEO of stablecoin issuer Tether, is squashing rumors that his firm is being probed by federal agencies. In a post on the social media platform X, Ardoino addresses a Wall Street Journal (WSJ) report, which claims that authorities are investigating Tether for potential violations of anti-money laundering and sanctions laws. The WSJ […]
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The founder and CEO of stablecoin company Tether (USDT) says that whoever wins in the upcoming US presidential election should support the growth of crypto. In an interview, Paolo Ardoino says that while the US has always been the world’s prominent pack leader, it is not the case when it comes to crypto. “The US […]
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Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated this development was concerning for society as a whole and stressed that if it loses the battle, “dark ages will be our future.” Tether CEO […]
Tether’s decision to avoid launching its blockchain stems from the crowded market and strategic alignment with existing platforms.
Tether, the issuer of the world’s largest stablecoin, USDT, has calculated to forgo its own blockchain launch, citing market saturation and strategic concerns.
According to an interview with Bloomberg News, the company’s CEO, Paolo Ardoino, explained that the stance comes from analyzing the blockchain space and a crowded market.
Ardoino stated that the firm launching a blockchain might not be the “right move” since “very good blockchains” are already available to the public.
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]