The stream is scheduled to begin at 11:40 a.m. ET, and viewers are advised to refresh the page if a player does not appear at that time. Paolo Ardoino, the CEO of Tether, is expected to deliver a speech on Tuesday at the DC Fintech Week conference, held at Fannie Mae’s headquarters in Washington, D.C.
Tether, the company responsible for the largest stablecoin, USDT, pegged to the U.S. dollar, holds the position of the third-largest cryptocurrency by market capitalization, as reported by CoinMarketCap. USDT constitutes approximately 71% of the market for U.S. dollar-backed stablecoins, boasting a market capitalization of about $120 billion, according to data from CryptoQuant.
The company has faced scrutiny over transparency issues, and the use of USDT has been criticized for its alleged involvement in criminal activities. Despite these controversies, USDT continues to be the most prevalent and easily accessible stablecoin globally, widely available on exchanges.
Ardoino’s comments come at a time when stablecoins are gaining significance for institutions. While the United States has been slow to establish clear regulations for stablecoin operators and industry participants, Europe’s Markets in Crypto-Assets regulation is set to be fully implemented by the end of the year, potentially having significant consequences for Tether.
