Tether CTO Praises Company’s Own Coin, Takes A Shot At Others

According to Arduino, the DeFi industry as a whole is facing a risk to its entire system, due to the fact that it only leverages the value from the cryptocurrency industry. In a move that sounds suspiciously like an attempt to slander one of Tether’s rival stablecoins, the Dai, he talked about the volatility of the crypto industry as a whole.

Stani Kulechov, the CEO of Aave, stated that Tether’s integration, a popular fiat gateway to various institutional clients according to him, could potentially boost the DeFi industry’s overall liquidity. What this means for the DeFi industry is, considering that Tether is unlikely to be valued at less than a dollar a coin, it can act as solid collateral for the industry as a whole.

Timeline of Tether