Global #Tether

Tether CEO Paolo Ardoino has personally addressed and denied rumors that the company sold off its Bitcoin holdings.

Tether, the company that issues the world's largest stablecoin, USDT, is expanding its business by investing directly in the gold supply chain.

The article discusses a central question in the stablecoin market: can new projects compete with the dominance of established players like Tether (USDT) and Circle (USDC)?

Stablecoin issuer Tether has changed its plan to freeze USDT tokens on five blockchains. Initially, the company was going to completely end support for Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

Tether, the company behind the largest stablecoin, USDT, has expanded its reach into the Bitcoin ecosystem by making its token available through the RGB protocol.

The stablecoin market is experiencing rapid growth, but new regulations and rising competitors are putting pressure on the largest player, Tether (USDT).