Tether's net profit hits new high with $800 million in monthly profit
Tether’s total equity reached an all-time high of $14.2 billion, with consolidated assets of $134.4 billion.
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Tether’s total equity reached an all-time high of $14.2 billion, with consolidated assets of $134.4 billion.
Tether CEO Paolo Ardoino said in an interview. “Launching your own blockchain is probably not the right move. There are many very good blockchains.”
JP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
Tether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
Ardiono replaces former CEO Jean-Louis van der Velde, who will transition into an advisory role at Tether.
The American multinational fast food chain McDonald's has started accepting payments in Bitcoin and Tether in Switzerland's city of Lugana.
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
Tether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.