Volatility worries are eased with stable coins like Tether (USDT). Volatility in the cryptocurrency space will never end, and stable coins are the key to managing volatility worries. With the pandemic here to stay for some more time until a new vaccine is found, investors should prepare to deal with volatility.
Sydney Ifergan, the crypto expert, tweeted: “Premature reopening of businesses across the world, continuing volatility and investor worries. Tether (USDT) and other kinds of stable coins might be the answer.”
Recently, Tether supplies hit record highs. They continue to improve on adoption.
Paolo Ardoino, Bitfinex CEO, tweeted: “It’s a great Friday when your team tells you that finally, you’ll be able to add a unique offering to #Bitfinex Derivatives. Pinching myself to make sure I’m not dreaming! Months of work between tech, legal, external counsels, regulators, is going to paying off.”
He further added, “Minstrels and bards will sing songs about this historical period, the financial revolution will be remembered for ages.”
Tether (USDT) Technology to be remembered for 100 Years
Paolo Ardoino, feels the common denominator across all blockchains can be one stable coin, which can be one stable coin which unifies all the communities while providing similar experience and same issuance and redemption across all blockchains.
We see exchanges that only cause disruption. And that is fine. Also, we can see the disruption in terms of how Bitcoin and can bring a better financial world, but at the same time, you cannot throw away 20 years of technological development in traditional talent. So, we understand that, and we bring the two things together. We bring the good thing from traditional finance, and we apply to crypto.
The fact that Bitfinex is a technology-driven company is what excited me. So, we have these enormous playgrounds that we can play with so many new innovations.
We can play with so many new tools. We can spend time in understanding what other developers build. And, we have the really rare chance, and it comes once in a lifetime for developers and not only for everyone to be part of something that will be remembered for 100 years, because this is really the financial revolution that will move the finance from being owned and controlled by few key elements in the world ecosystem to having a pure peer to peer-based finance and that is the thing that really excites me. The ability that was there, I have to grow this system. I have to make it successful.