TREE NEWS update: Tether CEO Paolo Ardoino argues stablecoins are more credible than tokenized bank deposits, citing near-full Treasury backing versus 10% liquid assets. He responds to BIS’s Pablo Hernandez de Cos, who advocates tokenized deposits as a safer path, while noting USDT’s market cap exceeds $183 billion and its use in emerging markets.
Tether CEO Challenges BIS on Tokenized Deposits, Cites Stablecoin Backing
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