Tether is gaining momentum against competing stablecoins, says Tether CTO
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market. Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC). “If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even 10 times higher on a bad day,” he pointed out. According to a report from Arcane Research, USDC, the....
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Tether is in some bother with the SEC. It has the President’s Working Group on Financial Markets, an organization composed of the SEC, the CFTC, The Fed and The US Treasury announcing late last year that stablecoins, which include Tether should be considered as securities. If Tether is indeed classified by the SEC as a […]
South Korea’s biggest banks are reportedly in talks with Tether and Circle to discuss potential stablecoin partnerships and distribution in the country. Four Major South Korean Financial Groups Looking Into Stablecoins As reported by YonHap, major South Korean financial groups will see their top executives meeting with Tether and Circle this week. Tether and Circle […]
On Monday, the total market capitalization of all stablecoins topped $150 billion. The largest stablecoin is remains Tether’s USDT. However, according to a new analysis, stablecoin whales control 80% of the tether supply. Stablecoins Whales Control USDT Supply With a current market capitalization of $77.9 billion, data from onchain researchers at Santiment shows that tether […]
Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets. Related Reading: Tether Mints Another 1B USDT – $7B in Stablecoins Issued Since The […]
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?This article aims to look into the legal terms of the two largest stablecoins — Tether....