{"id":432274,"date":"2022-04-15T21:33:32","date_gmt":"2022-04-15T18:33:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tether-is-gaining-momentum-against-competing-stablecoins-says-tether-cto\/"},"modified":"2022-04-15T21:33:32","modified_gmt":"2022-04-15T18:33:32","slug":"tether-is-gaining-momentum-against-competing-stablecoins-says-tether-cto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tether-is-gaining-momentum-against-competing-stablecoins-says-tether-cto\/","title":{"rendered":"# Tether is gaining momentum against competing stablecoins, 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-6a3688f863407\" 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-6a3688f863407\" 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\/tether-is-gaining-momentum-against-competing-stablecoins-says-tether-cto\/#%E2%80%9D_Tether_is_gaining_momentum_against_competing_stablecoins_says_Tether_CTO_%E2%80%9C\" >&#8221; Tether is gaining momentum against competing stablecoins, says Tether CTO  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Tether_is_gaining_momentum_against_competing_stablecoins_says_Tether_CTO_%E2%80%9C\"><\/span>&#8221; Tether is gaining momentum against competing stablecoins, says Tether CTO  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYmQ2YTY4NGQtZjdjNS00MjQ4LTg3ZTUtMzY3MGU0NDc1OTNlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Paolo Ardoino, the chief <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC).\u00a0<\/p>\n<p>\u201cIf you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even 10 times higher on a bad day,\u201d he pointed out. <\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/arcane.no\/research\/stablecoin-supply-growing-towards-usd200-billion\">According<\/a> to a report from Arcane Research, USDC, the second-largest stablecoin, has been growing at an impressive rate over the last year and could soon overtake Tether in terms of market cap. Ardoino is not worried about this possibility and pointed out that USDC&#8217;s growth has been slowing down in the last month.\u00a0<\/p>\n<p>&#8220;In the last 30 days, Tether regained momentum,&#8221; he said.\u00a0<\/p>\n<p>According to Ardoino, one of Tether&#8217;s main competitive advantages is its focus on people that have difficulties accessing financial services. <\/p>\n<p>\u201cTether is really perceived as an instrument of freedom, a solution, a tool that helps everyone. It&#8217;s not a tool built for the banks, it&#8217;s not a tool made for Wall Street.\u201d<\/p>\n<p>While USDC has gained a reputation of being more transparent and better regulated than Tether, Ardoino considers this a false narrative. As pointed out by the chief technology officer, since January 2021, Tether has been publishing breakdowns of its reserves, including the rating of its commercial papers.\u00a0 \u00a0<\/p>\n<p>&#8220;I think that we, as Tether, in terms of transparency, we&#8217;re in a really good shape,&#8221; Ardoino argued.\u00a0<\/p>\n<p>The rapid development of central bank digital currencies, or CBDCs, won&#8217;t make stablecoins such as Tether irrelevant, according to Ardoino. In his opnion, CBDCs will likely run on centralized blockchains that won\u2019t allow the same flexibility as open, public blockchains. <\/p>\n<p>\u201cOne of the things that excite people about public blockchains is the programmability. You can build more complex behaviors.\u201d, he said.\u00a0<\/p>\n<p>Don\u2019t <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/khj6AiuWjb8\">miss<\/a> the<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/khj6AiuWjb8\"> full interview <\/a>on our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/c\/cointelegraph_com\/videos\">YouTube channel <\/a>and don\u2019t forget to subscribe! <\/p>\n<\/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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/tether-is-gaining-momentum-against-competing-stablecoins-says-tether-cto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Tether is gaining momentum against competing stablecoins, says Tether CTO &#8220; Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC).\u00a0 \u201cIf you see the volumes of Tether compared to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":432275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYmQ2YTY4NGQtZjdjNS00MjQ4LTg3ZTUtMzY3MGU0NDc1OTNlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,75046,75493,82350,74355,117,70934,4965,36041],"class_list":["post-432274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cbdc","tag-stablecoin","tag-usd-coin","tag-adoption","tag-business","tag-regulation","tag-technology","tag-tether"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432274","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=432274"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/432275"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=432274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=432274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=432274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}