Summary: Tether’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr. Ardoino, the attack involves a new wave of FUD, trolling, clowns, and more. Mr. Ardoino has reiterated that Tether is 100% backed by reserves. He also added that Tether is phasing out its reserve exposure of commercial paper in preference to US treasuries. Tether’s and Bitfinex’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional […]
