Altcoins News

Story: Old Wall Street Was Wrong Again With Tether (USDT)

By Steven Anderson

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Paolo Ardoino in response to a statement:  Bitcoin to $1,000,000 is inevitable, stated, “Too Many Bears.”

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A few other Paolo statements:  There are whales and then Finex Whales. Those are some impressive mammals.

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Gabor Gurbacs in appreciation stated:  Tether market cap/all assets outstanding reached $63 billion.

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These 2 were pretty common narratives on Wall Street: 1. Stablecoins can't grow and will fail due to regulation. 2. Large bank money alternatives will make Tether impossible.

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Tether market cap/all assets outstanding reached $63 billion. It was unexpected by most major financial institutions that a stablecoin could be so successful.

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In response to Paolo stating:  STO - While I hear many talking about STOs, I feel most don't realize the actual broadness of the opportunities that can be achieved.

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Gabor Gurbacs expressed, Yes, I expect the STO megatrend to start meaningfully. Crypto exchanges will start trading tokenized stocks and offer various investments to their…

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For clarity, STO refers to Security Token Offerings which is a type of public offering in which tokenized digital securities, known as security tokens, are sold in cryptocurrency…

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The settlement token is the center of a settlement.  The abbreviations T+1, T+2, and T+3 refer to the settlement dates of security transactions, which occur on a transaction…

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If you buy (or sell) a security with a T+2 settlement on Monday, and we assume there are no holidays during the week, the settlement date will be Wednesday, not Tuesday.

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Knowing the settlement date of a stock is also important for investors or strategic traders who are interested in dividend-paying companies because the settlement date can…

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Tether Criticism:  If by “successful” you mean the BIGGEST PONZI SCHEME IN HISTORY then yeah, they sure have done well for themselves.

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