Tether CEO Reveals Tether’s Investment Portfolio – 120+ Companies
Main Idea
Tether's CEO Paolo Ardoino revealed the company's investment portfolio, which includes over 120 companies, and announced plans for further expansion, while facing criticism from the crypto community.
Key Points
1. Tether's CEO Paolo Ardoino disclosed part of the company's investment portfolio, which includes more than 120 companies.
2. Tether plans to significantly grow its investment portfolio in the coming months.
3. USDT is the most popular stablecoin with a market capitalization exceeding $162 billion, followed by Circle’s USDC.
4. Ardoino faced backlash from the crypto community for likening Tether's USDT issuance to the Federal Reserve printing money, though USDT is backed by liquid assets.
5. Tether has expanded beyond USD-backed stablecoins to include those backed by Euro and gold.
Description
Tether’s CEO announces further investment plans of his fast expanding company
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