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Tether CTO Paolo Ardoino recalled a situation in the past when hedge funds attempted to short USDT on secondary markets. Shorting is betting against a token with the expectation that its value will decrease. The intention of these hedge firms, according to Ardoino, was likely to create a scenario of a bank run where Tether […]
In its 2024 annual report, the FSOC said that stablecoins are acutely vulnerable to runs absent appropriate risk management standards.
As Tether navigates the turbulent waters of cryptocurrency regulation, CEO Paolo Ardoino stands firm on the companys commitment to compliance. In a recent interview, Ardoino emphasized Tethers respect for international sanctions and cooperation with law enforcement, while acknowledging the significant influence of U.S. authorities over their operations. The stablecoin issuer’s position in the cryptocurrency ecosystem […]
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