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Tether CEO Paolo Ardoino is scheduled to speak Tuesday at the DC FinTech Week conference at Fannie Mae headquarters in Washington, D.C.
Tether is the company behind USDT, the largest stablecoin pegged to the US dollar. According to CoinMarketCap, it is the third largest cryptocurrency by market capitalization. According to CryptoQuant, USDT accounts for approximately 71% of the USD-backed stablecoin market, with a market capitalization of approximately $120 billion.
Tether has come under fire for its lack of transparency, while USDT has come under fire for its alleged use by criminals. Despite this, it remains the most popular and most easily accessible stablecoin due to its widespread adoption on exchanges around the world.
Ardoino’s remarks come as stablecoins become increasingly important to institutions. While the US has been slow to introduce clear rules for stablecoin operators and industry partners, Europe’s crypto market regulations are expected to be fully implemented by the end of this year, which could have a major impact on Tether. .
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