Tether is gaining momentum against competing stablecoins, says Tether CTO

Cointelegraph

Published Apr 15, 2022 02:33PM ET

Updated Apr 16, 2022 04:40PM ET

Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC).

“If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher. They are even 10 times higher on a bad day,” he pointed out.

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