Tag: paolo ardoino

Sep 26 2022

Tether Stablecoin Goes Live On Polkadot Blockchain

Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other development plans, Tether USDT has risen over the years. Recently, the stablecoin announced its launch on Polkadot. USDT is a product of Tether Limited, a Hong Kong-based firm launched in...

Aug 30 2022

The Wall Street Journal Attacks, Tether Responds. Who Won?

Is this attack on Tether part of The Wall Street Journal’s general campaign against bitcoin and crypto? Or did the newspaper feel the impulse to get in on the Tether FUD action a few months too late? Did Tether competitors pay for this article or is it an organic piece of journalism? The WSJ article titled “Tether Says Audit Is...

Jun 29 2022

Response From Tether CTO On Reports Of Shorting USDT By Hedge Funds

Newly surfaced reports revealed that some hedge funds are now shorting Tether USDT. A Monday report from the Wall Street Journal (WSJ) stated several opened short positions on USDT. According to the report, a leading crypto brokerage, Genesis Global Trading Inc., held some notional values worth hundreds of millions for USDT...

Jun 27 2022

Are Hedge Funds Planning USDT Dump? Tether CTO Responds To Rumors

The Chief Technology Officer at Tether, Paolo Ardoino today addressed what he called "open and coordinated" attacks by some hedge funds on USDT. This, he explained, is being done in a bid to spread another wave of FUD following the collapse of TERRA/LUNA. Ardoino says attackers will not succeed USDT's position as the number one...

Jun 20 2022

Just-In: Tether Defends USDT Reserves, Plans To Undergo Full Audit

Jun 20 2022 Published at Coingape under tags  news paolo ardoino tether reserve

Tether's CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparent about its reserves. Tether reserves are validated quarterly by accounting firm MHA. In fact, Tether is planning to undergo a full audit of its reserves....

Jan 26 2021

Questions About Tether Just Won’t Go Away. Does the Crypto Market Care?

Jan 26 2021 Published at CoinDesk under tags  bitfinex coinbase jeremy allaire leo markets

Is the price of bitcoin and other cryptocurrencies inflated because the backing of tether may not be as strong as people think it is?

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