Tether
The Tether Killer? A True Stablecoin Would Enhance Banking and Crypto
The serious, potentially fatal flaw with a stablecoin like Tether is the potential for a “run on the bank.” Any stablecoin that invests in anything other than U.S. dollars in a bank account cannot assure its holders that they can redeem their stablecoin at any time, all at once, and receive 100% of the face…
Howard Lutnick, Cantor Fitzgerald CEO, Is a Fan of Bitcoin (BTC) and Tether (USDT)
“I am a fan of crypto, but let me be very specific, bitcoin, just bitcoin. These other coins, they are just not a thing,” he said during an interview with CNBC’s Money Movers podcast. Lutnick also said that he’s a fan of Tether, as Cantor Fitzgerald is one of the stablecoin’s custodians. Other custodians are…
Tether Freezes 41 Crypto Wallets Tied to Sanctions
“By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users,” said Tether CEO Paolo Ardoino. Source link