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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino Jul 16

      Tether truthers: "tEthEr iS nOt tRustEd" - since 2019 (NYAG) tether grew from 3B to 63B - Tether maintains the peg of 1$ on all exchanges - competitors could have had the chance of their lifes to outgrow Tether but the didn't Checkmate dudes. The market speaks louder than you.

      54 replies 20 retweets 319 likes
      Show this thread
    2. Paolo Ardoino‏Verified account @paoloardoino Jul 16

      These truthers can't simply understand how free markets work. Anyone holding USDt and thinking it isn't fully backed, would sell it on the market pushing the price down. Yet the price is 1$. Everyone knows Tether is fully backed. There is a public attestation from a top firm.

      6 replies 3 retweets 68 likes
      Show this thread
    3. Paolo Ardoino‏Verified account @paoloardoino Jul 16

      They just prefer to follow and believe couple of guys that for years said that Tether is not backed, and then turned to be a lie and they shifted their attack goal to "bUT BUt TETHer iS mEAN".

      11 replies 5 retweets 66 likes
      Show this thread
    4. Moloko‏ @Malkoglam81 Jul 16
      Replying to @paoloardoino

      https://decrypt.co/76207/yellen-assemble-regulators-stablecoin-concerns …

      1 reply 0 retweets 1 like
    5. Moloko‏ @Malkoglam81 Jul 16
      Replying to @Malkoglam81 @paoloardoino

      Hi Paolo, do your any insight about the plans to probably regulate in a stricter way Tether and stablecoins? Is it possible some lobbying activities? Are you taking some proactive measure? Best

      1 reply 0 retweets 0 likes
      Paolo Ardoino‏Verified account @paoloardoino Jul 17
      Replying to @Malkoglam81

      Yup. We're always in discussions and proactive to follow and meet regulations. Tether created the first stablecoin in 2014 when there wasn't much regulation. Over the years we worked with regulators around the globe and that has been the secret of our stability.

      12:23 AM - 17 Jul 2021
      1 reply 0 retweets 0 likes
        1. sarcastle‏ @iotangle Jul 17
          Replying to @paoloardoino @Malkoglam81

          Hi Paolo, so it's that the reason we don't see new coins being minted in more than two months now?

          0 replies 0 retweets 0 likes
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