Paolo Ardoino
Tether commercial paper exposure now under $50M, says CTO
Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of Sept. 30, 2022. Tether CTO Paolo Ardoino made the announcement in an Oct. 3 tweet, adding also that Tether’s United States Treasury bills increased to 58.1% of its total portfolio, up 25.1% from its Jun. 30 figure of 43.5%. #tether portfolio update. Tether as of 30 September 2022 holds ~58.1% of its assets in US t-bills. Up from 43.5% on June 30 2022.CP exposure is < 50M now.@Tether_to — Paolo Ardoino (@paoloardoino) October 3, 2022 Commercial papers are short-term debt instruments issued by companies, which are often used to finance various business operations, while treasury bills are claimed to be more stable than commercial pap...
Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO
As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter, Joe Hall sat down for an in-depth interview with the Chief technology officer of Bitfinex and Tether, Paolo Ardoino. Previously ranked 88th in Cointelegraph’s prestigious Top 100 2021 for his influential impact on the growth of the decentralized finance (DeFi) ecosystem, Ardoino spoke on an array of topics including the adoption of Bitcoin and Tether as de facto legal tender in the Swiss city of Lugano, the scalability concerns of popular blockchain networks, as well as the potential for new countries to accept Bitcoi...
