CRYPTO

Tether CEO Paolo Ardoino has issued a dire warning to about Europe's financial system, predicting that "many" of the continent's banks are at risk of catastrophic collapse.

In an interview with the Less Noise More Signal podcast, Ardoino highlighted how stringent regulations and risky banking practices could precipitate a wave of failures, drawing parallels to the collapse of Silicon Valley Bank in 2023.

Ardoino’s concerns center on the European Union’s (more…)

Authored by Alex O'Donnell via CoinTelegraph.com,

US dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report.

Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the (more…)

Authored by Alex O'Donnell via CoinTelegraph.com,

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview.

Tether’s flagship stablecoin, USDt, is already the US dollar’s top “exporter,” Ardoino told CNBC. 

It has a market capitalization of nearly $150 billion, according to data from CoinGecko. 

Now, Tether is preparing to expand (more…)