Tether’s CTO Paolo Ardoino Denies USDT’s Deviation from USD
According to Tether’s CTO Paolo Ardoino, the 3% deviation of USDT from $1 observed on CoinGecko was due to a glitch, not the real state of affairs.
According to Tether’s CTO Paolo Ardoino, the 3% deviation of USDT from $1 observed on CoinGecko was due to a glitch, not the real state of affairs.
The reserves of USDT whales, which control between $100,000 and $10 million in stablecoin, have decreased by more than 50%.
Gary Gensler said in late 2021 transactions with digital currencies should be regulated by his agency.
Tether Limited has completely removed commercial paper from the asset’s collateral and has replaced them with US Treasury bills.
The USDC supply topped $56 billion, but it has fallen 12% over the past month.
The Central Bank of Russian believes it is impossible to recognize cryptocurrencies and stablecoins as means of payment.
Crypto lending platform Celsius Network has filed a lawsuit to liquidate $23 million in stablecoins.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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