Tether Co-founder Prediction: Who will be the next ETF?
While Wall Street’s interest has boosted the entire crypto market, William Quigley said it also comes with risks.

While Wall Street’s interest has boosted the entire crypto market, William Quigley said it also comes with risks.
Tether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
USDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
Tether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
Tether has stated that its secured loans are heavily collateralized, hitting back at WSJ.
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
The total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.