Tether CEO backs stablecoins over tokenized deposits as BIS raises risks
Covered by 3 sources · 3 articles
3 outlets - including Cointribune, Crypto-economy and Crypto - are covering this story. Stablecoins are at the heart of a debate on digital currency. Paolo Ardoino, CEO of Tether, contrasts their model with tokenized bank deposits. According to him, these two forms of money do not rely on the same guarantees. He believes that…
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Stablecoins: Tether Challenges the BIS’s Vision of Tokenized Deposits
Stablecoins are at the heart of a debate on digital currency. Paolo Ardoino, CEO of Tether, contrasts their model with tokenized bank deposits. According to him, these two forms of money do not rely on the same guarantees. He believes that…
Tether CEO Rebukes BIS And Warns Tokenized Bank Deposits Lack Real Liquidity
TL;DR: Tether defended stablecoins against the BIS, which claimed that tokenized bank deposits are better substitutes for fiat money. Paolo Ardoino argued that stablecoins are safer because they are fully backed; tokenized deposits only hol…
Tether CEO backs stablecoins over tokenized deposits as BIS raises risks
Tether CEO Paolo Ardoino has challenged the Bank for International Settlements’ preference for tokenized bank deposits, arguing that fully reserved stablecoins give users a stronger alternative to money held under fractional reserve banking…