Tether CTO refutes stablecoin FUD as short-sellers circle

As part of a 12-part Twitter thread refuting these rumors and slamming FUD spreaders, Ardoino argued that the company has been collaborating with regulators and has increased transparency efforts, as well as noting its recent commitment to phase out its commercial paper exposure.

He argued that Tether has “never failed a redemption,” adding that in just the last 48 hours, Tether has redeemed around 10% of its total assets, which he said is “something almost impossible even for banking institutions.”from $45 billion to $8.4 billion this month, intending to clear out its commercial paper backing “in the coming months.”

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Bloomberg - Are you a robot?Froginutoken *🐸X99🐸X999🐸* What could possibly go wrong 🤔? I wonder for which country Tether will make the next token.
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China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'China's Blockchain Service Network chair described private cryptocurrencies as the “biggest Ponzi scheme in human history.” He still believes that stablecoins like USDT are fine if properly regulated.
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ANZ's stablecoin used to buy tokenized carbon creditsThe carbon credits were tokenized and provided by BetaCarbon, a blockchain-based carbon trading platform that issues digital security assets dubbed “BCAUs,” representing one kilogram of carbon offsets per credit. Froginutoken *🐸X99🐸X999🐸* We need to keep the banks out of crypto!
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Institutional crypto asset products saw record weekly outflows of $423MNotably, investment products offering exposure to shorting the price of BTC generated the largest weekly inflows at $15.3 million as the ProShares short Bitcoin ETF went live. Probably because they had so much leverage they were force to sell like noobs! Froginutoken 🐸X100🐸X1000🐸!.
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