Paolo Ardoino, CEO of Tether, discusses stablecoins and regulation in a live interview.
The stream will begin at 11:40 a.m. ET. Refresh the page if no player is visible at that time.
On Tuesday, at the DC Fintech Week conference held at Fannie Mae's headquarters in Washington, D.C., Paolo Ardoino, CEO of Tether, will be speaking.
The largest stablecoin, which is pegged to the U.S. dollar, is created by Tether, a company. It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap. USDT, which accounts for about 71% of the market of U.S. dollar-backed stablecoins, has a market cap of about $120 billion, according to CryptoQuant.
Despite criticism over transparency and allegations of criminal use, USDT remains the most widely used and accessible stablecoin due to its global presence on exchanges.
Tether's future may be affected by Europe's Markets in Crypto-Assets regulation, which will fully take effect by the end of this year, while the U.S. has yet to establish clear rules for stablecoin operators and industry partners.
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