Paolo Ardoino, Tether’s new CEO, hints at big things to come for the company as billions of new USDT enter the digital asset market.
Ardoino say on the social media platform
“We are quite close to adding another extremely powerful piece of the puzzle for the Tether ecosystem.
A total of 5 stunning projects (and counting) for 2024.
A few of these could wipe out some popular centralized Web2 services for good.
Pure Real World Ecosystem or ‘Things that people really need.’”
At the time of publication, Ardoino or Tether have not yet revealed what specific developments will take place next year.
However, Tether’s market cap has skyrocketed to new all-time highs amid the USDT coin frenzy.
Blockchain tracking service Whale Alert discovered several billion-dollar coins this month, including 1 billion November 10 and 1 billion further November 9 which Ardoino clarified was for inventory purposes. Whale Alert has spotted individual $1 billion coins the 4th of November And 19 October.
USDT currently has a market cap of $86.77 billion, well above Circle’s USDC and MakerDAO’s DAI.
Ardoino said last month that Tether planned to launch a new feature for checking proof-of-reserves in real time in 2024, although no firm deadline was announced.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney