Tether looks forward to returning to the United States with Stablecoin in the new dollar: Report
According to Tether Tether (USDT) in Stablecoin to return to the United States with a new digital origin in dollars.
According to a new a report By CNBC, the world’s largest stablecoin source is looking to launch new encryption assets that have been linked to US dollars by the end of the year as its CEO continues to influence national encryption policies.
The new Stablecoin News was confirmed by the CEO of Tether Paolo Ardoino in an interview with CNBC. According to ARDOINO, Tether-its headquarters is at El Salvador-to rename the brand as cooperative with the application of the law, as it was previously known as “Go-To” for criminal activity.
The report says Ardoino may have helped in legislation of major legislation, such as a genius law – a draft law aimed at providing clear guidelines for Stablecoins – and added provisions to tension to help apply the law.
As reported, according to CNBC, ARDOINO, according to CNBC,
“There is no company … even in the traditional financial system, which has a large group of cooperation with the application of the law. We are always trying to do better and more to prevent criminal activity … We have much better tools than the traditional financial system, and we prove this every day.”
The CEO continues to treat Tether reserve assets, a point of disagreement for the company in the past, as it agreed to pay $ 18.5 million to New York in 2021 after claiming that it had lied about its reserves.
“We are about to have $ 120 billion in US Treasury bonds in our reserves. We have $ 7 billion in excess stocks inside the company’s capital. This is really unprecedented and I hope that financial institutions in the traditional financial system will try at least we are copies to provide better products for their consumers.”
Tether, which regularly publishes certification data, has about 120 billion dollars in US Treasury bonds run by the financial company Cantor Fitzgerland, according to its latest report.
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