Stablecoin Tether (USDT) would seek to return to the United States with a new pointed digital asset in dollars.
According to a new CNBC report, the largest stablecoin issuer in the world is trying to launch a new cryptographic asset fixed to the US dollar by the end of the year while its director general continues to influence national cryptography policies.
The news of the new stablescoins was confirmed by the CEO of Tether, Paolo Ardoino, in an interview with CNBC. According to Ardoino, Tether – whose siege is in Salvador – tries to rename itself as being cooperative with the police, because it was previously known as “essential” crypto for criminal activity.
The report indicates that Andoino may have helped to shape key legislation, such as the engineering law – a bill which aims to give clear guidelines for the stablescoin – and to add provisions to the attachment to help the police.
As indicated by Ardoino, according to CNBC,
“There is no business … even in the traditional financial system, which has such collaboration with the police. We always try to do better and more to block criminal activity … We have much better tools than the traditional financial system and we prove it every day. ”
The CEO continues to tackle Tether reserve assets, a point of discord for the company in the past, because he agreed to pay $ 18.5 million in New York in 2021 after being alleged that he lied on his reservations.
“We are very close to $ 120 billion in treasury vouchers in our reserves. We have $ 7 billion in excess shares in the capital of the company. It is really unprecedented and I hope that the financial institutions of the traditional financial system would at least try to copy us to provide better products to their consumers. ”
Tether, who regularly publishes certificates regularly, holds around $ 120 billion in US treasury vouchers managed by the financial giant Cantor Fitzgerald, according to his latest report.
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