Tether’s CTO Unfazed as USDT Faces Competition by Other Stablecoins

Paolo Ardoino, the Chief Technology Officer at Bitfinex and Tether, recently said he is not worried about other stablecoins gaining momentum ahead of Tether. According to data picked up by Debank, Tether’s USDT hasn’t been minted on Ethereum since May 31st.

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Winklevoss Twins, Alesso, Paolo Maldini Join Charity NFT Project on Ethereum

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First Tether (USDT) Minted on Solana; Stablecoin USDC Launched on Stellar

Stablecoin issues Tether first announced during the summer of 2020 that it had launched its USDT coin on Layer 1 blockchain Solana, which claims to be faster and cheaper than Ethereum. Now, the first USDT has been finally minted on the Solana blockchain, as announced by Paolo Ardoino on Twitter late on Tuesday.

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Bitfinex CTO Defends the Freezing of Millions of USDT in Wake of KuCoin Hack

Following the KuCoin hack, Tether has frozen 20 million USDT sitting on an Ethereum address and Bitfinex froze 13 million USDT on EOS, according to Bitfinex CTO Paolo Ardoino. Another 1 million USDT was frozen on Omni and 1 million USDT on Tron.

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The perks of centralization: Tether to return $1M USDT lost in Swerve

After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address.

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Tether перевела 1 млрд USDT с блокчейна TRON на Ethereum

Эмитент стейблкоинов Tether перевел 1 млрд USDT с блокчейна TRON (TRC-20) на Ethereum (ERC-20). This is completed now!https://t. co/HSJQ3ehHhn https://t. co/bybswQBMC0 — Paolo Ardoino (@paoloardoino) August 20, 2020 Инициатором свопа могла быть биткоин-биржа Binance, но ни в Tether, ни в Binance пока это не подтвердили.

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Bitfinex Exec: Ethereum Volume Consistently Exceeds That of Bitcoin

Things are going from good to better for Ethereum, the second-ranked cryptocurrency by market cap. Bitfinex CTO, Paolo Ardoino today tweeted that both spot, and perpetual, volumes for Ethereum have been consistently higher than Bitcoin during the past couple of days.

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Bitfinex acts as a ‘gateway’ between USDT-ETH and USDT-Omni, clarifies Bitfinex’s Paolo Ardoino

Bitfinex and Tether have always been at the center of speculation and rumor. Whether it was during Bitcoin’s rise back in 2017, or present-day, the two have been closely scrutinized by users.

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After EOS, Tether might launch on Liquid Network in the future?

The CTO of Bitfinex, Paolo Ardoino, confirmed the launch of Tether on chains other than Omni blockchain, Tron and Ethereum. The announcement happened via a tweet. Ardoino tweeted: . @Tether_to is launching on a new chain today.

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Ethereum Has Highest Number of Blockchain Protocol Developers Says Report

A new report by a Paolo Alto based crypto management firm, Electric Capital, has found ethereum has double the number of active bitcoin core devs, and has the highest number... The post Ethereum Has Highest Number of Blockchain Protocol Developers Says Report appeared first on Trustnodes.

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