Paolo Ardoino, a CTO of Tether Stablecoin, has been Appointed CEO.
Tether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
![image Bitcoinworld](https://image.coinlive.com/24x24/cryptotwits-static/333be3e14a0b44a45eb32c9f2db3b760.png)
Tether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
The primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
A new breed of app-specific stablecoins could be just what DeFi needs.
The GUSD stablecoin has been fluctuating over the past week and went as low as $0.98.
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month.
The main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
How will this $150 billion industry evolve?
The U.S. continues to lead the world in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may present quite a few hurdles for new entrants.
Although USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.