Interview: Bitfinex/Tether CTO Paolo Ardoino Weighs Speaks to Tether Expansion Plans in Latin America

Paolo Ardoino, chief technology officer of Bitfinex and Tether spoke on Tether's expansion plans into Latin America. The post Interview: Bitfinex/Tether CTO Paolo Ardoino Weighs Speaks to Tether Expansion Plans in Latin America appeared first on BeInCrypto.

Timeline of Tether

Tether announced today that it is launching its USDT stablecoin on the Tezos blockchain, days after it expanded to Polygon. The post Tether's USDT stablecoin launching on Tezos appeared first on The Block.

The crypto space continues to sink deeper into the abyss, and now Tether – an alleged stable currency – is showing signs of falling victim to the heat in the crypto kitchen. Tether saw itself trading for less than $1 for the first time just a few weeks ago.

The team at Tether claims the Financial Times has a fixation with USDT and the company's execs. Additionally, the Tether team believes the Financial Times has been rehashing the same selective old news to target USDT and its leadership at the company.

Stablecoins were under pressure after the crash of UST algorithmic stablecoin in mid-May. Tether co-founder Reeve Collins on Thursday said the UST collapse could mean the end of most algorithmic stablecoins.

The largest stablecoin with a market cap of $73 billion, Tether, ether has launched its native USDT on Polygon. The move is expected to help Tether gain ground as the leading stablecoin despite the recent de-pegging.

Tether announces the release of a new peso-backed stablecoin on Ethereum, Tron, and Polygon as 40% of Mexican companies consider blockchain adoption.         The post Tether Launches New Stablecoin in Mexico appeared first on BeInCrypto.

Terra's new blockchain will be launched on Saturday followed by an airdrop of new luna (LUNA) tokens to users as part of a broader plan to revive the Terra ecosystem, developers confirmed on Friday.

Crypto markets have continued to haemorrhage since early April this year, as they are pushed down by most other asset classes during the current economic downturn. Biggest stablecoin Tether has lost more than $10 billion over the last couple of weeks as investors are still showing nervousness since the UST depeg.

The market has serious concerns with regards to the so-called “stability” of much-talked-about stablecoins. With the market still trying to find a balance post the Terra debacle, Tether published a report on the company's financials.

The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It's a big deal, as billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of …