Tether CEO Paolo Ardoino disputes the Bank for International Settlements' (BIS) preference for tokenized bank deposits, arguing that stablecoins backed by US Treasury bonds provide more solid reserves and guarantees. Ardoino highlights that tokenized deposits typically hold only about 10% in liquid assets, while stablecoins like USDT, with a market cap over $183 billion, rely heavily on Treasury bonds. This debate centers on the future of digital money, reserve composition, and trust in financial systems. The discussion also touches on concerns about stablecoins' convertibility and interoperability, with political implications from the CLARITY Act potentially affecting bank deposits. The debate between Tether and BIS is expected to continue, focusing on how these digital money models coexist with traditional finance.
Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits wh...
Tether is expanding its Hadron tokenization platform across the Asia-Pacific region, appointing Jed Nazif as Expansion Manager to drive real-world asset tokenization initiatives. Hadron, launched in 2024, enables institutions to issue and manage toke...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
A U.S. federal court has initiated a civil forfeiture case naming approximately 225 million USDT stablecoins as the defendant property. This legal action targets a large tranche of Tether's dollar-pegged tokens, signaling government efforts to seize ...
A U.S. court has filed a civil forfeiture case concerning cryptocurrency seized from Tether Ltd. and an associated wallet address. This procedural action targets the assets themselves, not Tether Ltd. as a defendant, and no wrongdoing has been establ...
