{"id":431006,"date":"2022-04-13T15:22:37","date_gmt":"2022-04-13T12:22:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stablecoins-are-the-perfect-trojan-horse-for-bitcoin-says-tether-cto\/"},"modified":"2022-04-13T15:22:37","modified_gmt":"2022-04-13T12:22:37","slug":"stablecoins-are-the-perfect-trojan-horse-for-bitcoin-says-tether-cto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stablecoins-are-the-perfect-trojan-horse-for-bitcoin-says-tether-cto\/","title":{"rendered":"# Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a413313e0fd8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a413313e0fd8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stablecoins-are-the-perfect-trojan-horse-for-bitcoin-says-tether-cto\/#%E2%80%9D_Stablecoins_are_the_perfect_trojan_horse_for_Bitcoin_says_Tether_CTO_%E2%80%9C\" >&#8221; Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Stablecoins_are_the_perfect_trojan_horse_for_Bitcoin_says_Tether_CTO_%E2%80%9C\"><\/span>&#8221; Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNDA3OGFjYjUtMTFjNS00Yzg4LTgyYWUtZmQwZWVkZTkwMTMyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart \u2014 a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 \u2014 European <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> reporter, Joe Hall sat down for an in-depth interview with the Chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer of Bitfinex and Tether, Paolo Ardoino.<\/p>\n<p>Previously ranked 88th in Cointelegraph\u2019s prestigious Top 100 2021 for his influential impact on the growth of the decentralized finance (DeFi) ecosystem, Ardoino spoke on an array of topics including the adoption of Bitcoin and Tether as legal tender in the Swiss city of Lugano, the scalability concerns of popular blockchain networks, as well as the potential for new countries to accept Bitcoin in the future.<\/p>\n<p>In early March, the Swiss city of\u00a0Lugano \u2014 which is also a major financial hub in Switzerland \u2014 formed a collaborative partnership with stablecoin operator Tether to launch a 3 million-Swiss franc initiative\u00a0designed to encourage the adoption of blockchain technologies and the use of digital assets.<\/p>\n<p>Utilizing Bitcoin (BTC), Tether (USDT) and the native citizen loyalty token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/my.lugano.ch\/en\/lvga-points\">LVGA Points<\/a>, the assets can be transacted by locals in activities such as taxation and purchasing of public goods\u00a0and services.<\/p>\n<p>In addition, the project has also pledged to create educational scholarship programs within the three universities of Lugano, a blockchain summer camp, and a maximum-valued 100 million Swiss franc ($107.2 million) pot to foster the growth of blockchain start-ups:<\/p>\n<blockquote><p>\u201cIn just one month since the announcement, working with the city we have set up a working group that includes tax, legal and relocation advisors [\u2026] and we have been able to start onboarding 25-30 different companies and startups&#8221; [&#8230;] which &#8220;between the company\u2019s assets and private wealth&#8221; are valued &#8220;between 300 to 400 million Swiss Franc.\u201d<\/p><\/blockquote>\n<p>Ardoino noted that these company&#8217;s relocated their operations from both within Switzerland, as well as from countries such as India and Singapore. He stated that their intention is to &#8220;use these few startups as a template\u201d to pave the path for others in the future.<\/p>\n<p><strong><em>Related: Paris Blockchain Week, day 1: Latest updates from the Cointelegraph team on the ground<\/em><\/strong><\/p>\n<p>Referencing his tweeted picture of an Lugano newspaper article with the headline &#8216;Citt\u00e1 affamata di bitcoin,\u201d translating to \u201cCity hungry for Bitcoin,\u201d Ardoino said that &#8220;stablecoins are the perfect trojan horse for Bitcoin&#8221; in that they can serve as the initial mechanism for adoption before exploration into more complex, regulatory-stringent cryptocurrencies.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\">GM <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oOFZpZ8qkW\">pic.twitter.com\/oOFZpZ8qkW<\/a><\/p>\n<p>\u2014 Paolo Ardoino (@paoloardoino) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/paoloardoino\/status\/1499663520769654789?ref_src=twsrc%5Etfw\">March 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>When questioned on the possibilities of new European country&#8217;s adopting Bitcoin,\u00a0Ardoino said that &#8220;we&#8217;re looking at different other jurisdictions&#8221;, and that some people within &#8220;the parliament are interested to talk to us as they would like to educate themselves to create a case for internal adoption.&#8221;<\/p>\n<p>Though in saying this, he was keen to stress the importance that the vision of wide-scale Bitcoin adoption throughout Europe would not be achieved overnight, but through a bottom-up, community-first <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach, such as witnessed in Lugano.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stablecoins-are-the-perfect-trojan-horse-for-bitcoin-says-tether-cto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO &#8220; As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart \u2014 a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 \u2014 European news reporter,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNDA3OGFjYjUtMTFjNS00Yzg4LTgyYWUtZmQwZWVkZTkwMTMyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74881,74894,76555,75493,74355,20671,36041],"class_list":["post-431006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitfinex","tag-blockchain","tag-conference","tag-stablecoin","tag-adoption","tag-paris","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=431006"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431007"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}