Altcoins News
By James Thorp
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Implying Tether (USDT) Stuart Hoegner stated, the second-biggest stablecoin issuer doesn't give a breakdown of their reserves, either.
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Stuart Hoegner further pointed to a couple of CoinDesk tweets and stated: Many celebrated Tether_to’s decision to bring in an auditor to attest its reserves.
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There was another Tweet that he pointed to from CoinDesk as well: Tether_to only makes an assertion about the total size of its assets.
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In response to these tweets, Paolo Ardoino stated, “We should NFT these clown click-bait articles from Coin Desk. I bid 100 SATs.”
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When Stuart Hoegner stated, “Stay tuned for more info. We have made great strides in 2021 in terms of transparency. More to come.”
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There were others who replied stating, “We will be more transparent” - I’ve heard this in 2014, 2015, 2016, 2017, 2018, 2019, 2020, and now 2021.
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Tether are continuing with their regular business. They recently stated, “We have just completed some routine maintenance on the Tron contract administrative keys.”
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It just looks like Tron and Tether are an unstoppable combination of financial innovation and trustworthiness.
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For those who are uninformed, Justin Sun recently tweeted: The holder addresses of TRC20-USFT issued by Tether_to on TRON network surpassed ERC20-USDT.
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Also, recently Paolo Ardoino pointed to how Tether Launches on Hermex rollup as Ethereum starts falling behind.
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Paolo stated, L2 is the path and further expressed that he is proud of Tether_to + bitfinex + Hermez_Network to be first in line. CEXs can offer 0 wd fee for all ERC20.
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Reportedly, Hermez provides an Ethereum-native alternative to Tron. It has however been stated that, “without a meaningful number of possible destinations for the funds, Hermez…
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In January Tether tokens ($USDt) stood at US$25 billion. And now, they have already surpassed $45B market cap. This is sign that they are growing each day.
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The community are awaiting to see the launch of Tether on Kusama and Polkadot very soon.
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