04 Jan Peter Schiff Reveals the Real Reason Behind Bitcoin’s Price Rally
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Contents
- Edging out competitors
- A double-edged sword
Jeremy Allaire, the CEO of Circle, has shared some scathing critique of Tether (USDT), the leading stablecoin in the cryptocurrency industry. In his latest tweet, he describes it as an unregulated offshore banking solution for China whose main selling point is its non-compliance.
(2/3) Meanwhile Tether continues to be largest stablecoin, offering an attractive option as an unregulated offshore USD shadow banking solution for China and Asia. It’s greatest feature is its non-compliance and opacity.
— Jeremy Allaire (@jerallaire) January 3, 2020
Paolo Ardoino has responded to Allaire’s criticism, claiming that Tether’s greatest feature is, in fact, the ability to listen to its customers, adding that things didn’t look good for Circle’s USDC.
Its great feature is the ability of @Tether_to management of creating visionary products and listen to customers. Tether understands the…
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