Mina

Tether CEO: Tether will not let competitors who try to "eliminate Tether" succeed

ChainCatcher news, Tether CEO Paolo Ardoino posted on the X platform stating that USDT is the most successful tool for dollar hegemony and emerging market distribution. Over the past decade, Tether has built the most extensive physical and digital distribution network, from thousands of self-service terminals in Africa and South America to digital remittance platforms, from payment backbones to institutional tools.Our team and portfolio companies work on the ground every day in countless regions of developing countries, helping communities increase the utilization, trust, and education level of USDT, thereby impacting the U.S. economy. This is how USDT currently helps over 400 million people and grows at a rate of 35 million new wallets per quarter, with a focus on developing countries, while strengthening the dollar and holding over $115 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt.While competitors' business models should focus on creating better products and larger distribution networks, their true intention is to "eliminate Tether." Every business or political meeting they hold has this goal as the ultimate aim. While this may seem exaggerated, it is the truth.For a competitor trying to use legal means to kill off rivals instead of focusing on better products, Tether will not sit idly by. Tether will not allow these attacks to succeed, nor can it permit such a situation to occur. Tether will steadfastly protect the hundreds of millions globally who have been left behind by the traditional financial system, helping them access dollars through USDT.
2025-02-25

Galaxy Report: ETH Dominates Enterprise Blockchain Adoption with Use Cases like NFT and RWA Tokenization

ChainCatcher news, according to Bitcoin.com, based on a report by Galaxy Digital's Vice President of Research Christine Kim, over 50 traditional companies, including financial institutions like Deutsche Bank and Paypal, as well as brands like Louis Vuitton and Adidas, are developing cryptocurrency-specific applications on Ethereum and its L2 networks, focusing on non-speculative use cases such as RWA tokenization, NFTs, Web3 gaming, and scalable infrastructure.The report states that Ethereum is leading in RWA tokenization, with the value of managed assets nearly 10 times that of Stellar. Among 20 financial institutions building crypto infrastructure, 13 are issuing RWA, including BlackRock's BUIDL. Stablecoins are also thriving on Ethereum, with Paypal's PYUSD and Robinhood's USDG driving a 70% supply surge in 2024, while Ethereum holds over 50% of the $400 billion stablecoin market.Investment in scalable infrastructure emphasizes enterprise adoption. Deutsche Bank is developing a compliant financial solution on Ethereum L2 with ZKSync, while Sony's L2 project Soneium targets gaming and entertainment. These projects highlight Ethereum's role as a customizable foundation for enterprise-grade blockchain.Additionally, the centralized roadmap for Ethereum L2 balances scalability and security, attracting institutions seeking effective on-chain solutions. Regulatory tailwinds, including the SEC's focus on tokenization and collaborations like Stripe's $1 billion acquisition of stablecoin platform Bridge, indicate increasing mainstream adoption.Galaxy's report concludes that Ethereum remains the preferred chain for finance-focused crypto services, with RWA and stablecoins expected to expand by 2025. Kim noted, "As the most decentralized, widely covered, and longest-running general-purpose blockchain, Ethereum serves as a gateway for many institutions to incubate and launch finance-focused crypto services and products."
ChainCatcher Building the Web3 world with innovators