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Tether, Bitcoin ‘Unstoppable Together,’ CEO Paolo Ardoino Says
In a recent statement, Tether (USDT) CEO Paolo Ardoino emphasized the importance of Bitcoin’s dominance in the cryptocurrency market, claiming that Tether and Bitcoin are “unstoppable together.” This statement comes amidst concerns over regulatory issues surrounding stablecoins like USDT.
As the largest stablecoin by market capitalization, with a staggering $137 billion valuation, USDT has been the subject of much scrutiny. Some have questioned its ability to maintain its position as the top stablecoin in an increasingly competitive space.
However, Ardoino’s comments suggest that Tether will continue to thrive alongside Bitcoin, which has long dominated the cryptocurrency market. The CEO’s assertion is likely a nod to the symbiotic relationship between the two digital currencies.
Meanwhile, the mainnet launch of Ripple USD (RLUSD) has sparked concerns over regulatory issues. While Ripple has touted RLUSD as a compliant stablecoin, Paolo Ardoino’s statement may be seen as a subtle warning to investors that the success of USDT is deeply tied to the success of Bitcoin.
Regardless, Tether’s position remains unchanged – its market dominance is not going anywhere anytime soon.
Source: u.today
