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Tether (Tether) trading 5 per cent on peg
... the reserve breakdown of Tether. Commercial paper and certificates of deposits are a major part of the USDT reserves, followed by cash and bank deposits and Money Market Funds. These are not highly liquid assets. In April of this year, Tether's CTO Paolo Ardoino promised to reduce Tether's holdings of commercial paper from the current 30 per cent of total reserves. The past decade of high inflation and rising interest rates have wreaked havoc on bond and currency markets, according to Chandra . The value ...
Updated: 05/12/2022
El Salvador President Bukele releases images of 'Bitcoin City' model
... used to fund municipal services. The issuance of Volcano bonds, to the tune of $1 billion, will fund the city's construction. In return, investors get a 6.5% return, paid for by BTC miners powered by the geothermal energy of the Conchagua Volcano . Paolo Ardoino , the CEO of Bitfinex , said that El Salvadoran Congress has yet to pass legislation approving the bond licensing system. He expects this to go through and that Bitfinex will be granted the license in the coming weeks. At this stage, nothing ...
Updated: 05/11/2022
Bitfinex appoints head of licensing at the exchange
... Bank Account Numbers IBANs into their platform s back end, allowing them to minimize reconciliation errors and speed up payment processing times. This news came after Bitfinex introduced perpetual swaps for Shiba Inu SHIB and OMG Network in November. Paolo Ardoino, Bitfinex Derivatives CTO , said at the time: He said that Bitfinex anticipated a lot of interest in these products, especially among funds and professional investors for hedging and managing risk.
Updated: 05/07/2022
Tether chief technical officer says the ether is ready for whatever the economic climate it challenges
Chief Technical Officer Paolo Ardoino told Crypto Slate at the Paris Blockchain Week Summit that the ether is ready for whatever the economic climate throws at it. Chief Technical Officer Paolo Ardoino told CryptoSlate at the Paris Blockchain Week Summit that the ether is ready ...
Updated: 04/25/2022
With gold-backed stable coins, these are defying the odds
... trading volume of $66 billion. The market is steadily growing, despite the huge disparity in the numbers, a cursory look at the data would show that PAXG's market value has doubled this year while the market value of XAUT has risen by more than 9%. Paolo Ardoino , CTO of Tether , spoke about the growing demand. Skeptics in the space are largely unconvinced about this new class of criptocurrencies. According to them, the price performance of the asset is only a mirror of that of gold. Alex Thorn, the ...
Updated: 04/19/2022
Tether chief Ardoino dismisses TerraUSD as ‘Fun and games’
Paolo Ardoino, chief technology officer at TetherUSDTDTDT USD, the firm behind the leading stable coin, commented on the growth of TerraUSD USTUSD after the token became the third-largest stable coin and overtook Binance USD BUSDUSD Paolo Ardoino , chief ...
Updated: 04/19/2022
Bitcoin trading volume hits 10-month high in Russia
... SWIFT messaging system that connects financial institutions worldwide, as well as sweeping penalties imposed on Russia by the U.S. and its allies. Digital assets are playing a major role in a conflict-testing global security, as evidenced by the moves. Paolo Ardoino , chief technology officer of USDT issuer Tether, said on March 4 that USDT , as a stable coin, has to comply with the requirements of central authorities.
Updated: 03/12/2022
Bitcoin trading volume hits 10-month high despite sanctions
... messaging system, which connects financial institutions worldwide, follows the sweeping penalties imposed by the U.S. and its allies on Russia. Digital assets are playing a significant role in a conflict-testing global security, according to the moves. Paolo Ardoino , Chief Technology Officer of USDT issuer Tether , said on March 4 that USDT, as a centralized stable coin, has to comply with the requirements of central authorities.
Updated: 03/08/2022
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