Tether's Dominance Stirs Debate: JP Morgan vs. Tether CEO
JP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
BrianJP Morgan criticizes Tether's market control, citing risks; Tether CEO defends, emphasizing regulatory cooperation and industry significance.
BrianTether's recent $1 billion minting on the Tron blockchain signals aggressive expansion, sparking discussions about its strategic reserves for future use. Amidst a $96 billion market cap, Tether faces potential challenges from traditional financial institutions, with regulatory uncertainties tied to the upcoming 2024 U.S. presidential election adding a layer of complexity to the crypto landscape.
JoyTether invests in the Academy of Digital Industries, Georgia, enriching education with blockchain and digital technology expertise.
EdmundArdiono replaces former CEO Jean-Louis van der Velde, who will transition into an advisory role at Tether.
AlexA new policy proposal urges the Hong Kong government to issue a stablecoin pegged to the Hong Kong dollar to compete with USDT and USDC. A government-backed stablecoin would reduce costs, improve payment systems, aid de-dollarization and strengthen Hong Kong’s fintech capabilities, the document claims.
TheBlockWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphThrough a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
CointelegraphThe developers have managed to delete the fake message and remove the MEE6 bot from the main server.
CointelegraphPaolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
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