Tether CEO makes bold predictions about the stablecoin market

! Paolo Ardoino, CEO of Tether (USDT), has just made an ambitious prediction about the future of the crypto market, calling it a new era named "stablecoin multiverse" (stablecoin multiverse).

Specifically, in a recent post, Ardoino shared his views, highlighting the strong increase in the adoption of stablecoins by private enterprises and governments.

"A new era begins: the multiverse of stablecoins. Hundreds of companies and governments are issuing or about to issue their own stablecoins. I am extremely proud to see the technology that Tether created in 2014 being embraced widely like this."

Recently, Fidelity Investments announced that it is testing its own stablecoin, marking a new step as major financial corporations enter the stablecoin space – one of the fastest-growing segments of cryptocurrency.

Fidelity's stablecoin project is being developed by the company's digital asset division, which provides custody and trading services for Bitcoin, Ethereum, and Litecoin to institutional clients.

Fidelity's testing comes as many other major financial institutions are also researching or implementing stablecoin products. Currently, Tether is (USDT) the dominant name in the market with a market capitalization of up to $ 144 billion, accounting for more than half of the total market capitalization of stablecoins (hiện has exceeded the USD) 230 billion mark.

Stablecoins are becoming increasingly popular

USD-pegged stablecoins — designed to maintain a 1:1 ratio to the U.S. dollar — are rapidly gaining widespread interest. Large corporations such as Visa and Stripe are investing in or developing their own stablecoin projects.

PayPal launched a stablecoin in 2023, while Robinhood and Revolut are also considering releasing similar products. In Europe, the digital asset division of Societe Generale SA has released a euro-denominated stablecoin.

In the U.S., the state of Wyoming is expected to launch its own cryptocurrency as early as next July. This will be the first stablecoin fully backed by a U.S. state with treasury bonds, cash, and repurchase agreements, with a minimum capital requirement of 102% as mandated by law.

Disclaimer:*** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions

• The U.S. Senate Banking Committee advances the stablecoin bill
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Justin

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