Global #Paolo Ardoino

Tether, the company behind the world’s largest stablecoin, has announced a significant investment of $1.5 million in Sorted Wallet, a financial technology platform designed to improve accessibility to cryptocurrencies for underserved populations in Africa and South Asia.

On September 16th, Whale Alert, a prominent blockchain analytics platform, flagged a significant transaction involving Tether (USDT) on the Ethereum network.

Brock Pierce, a key figure in the cryptocurrency realm and co-founder of Tether, is currently navigating a storm of legal challenges. Tether, the issuer of the widely used stablecoin USDT, is preparing to defend itself against a high-stakes lawsuit filed by Celsius Network, the now-bankrupt crypto lender.

In a recent discussion, Paolo Ardoino, Tether's CTO, reiterated his strong preference for Bitcoin over Ethereum, underscoring the distinctive qualities he believes set Bitcoin apart. Ardoino’s stance reflects a broader debate within the cryptocurrency community about the comparative merits of these two major digital assets.

Kraken, a prominent cryptocurrency exchange, is considering removing Tether's USDT stablecoin from its European platform due to forthcoming regulations from the European Union.

On May 14, Tether, a leading stablecoin issuer, froze $5.2 million in USDT linked to phishing scams. These funds were held in 12 Ethereum wallets tagged as “USDT Banned Address.”