Tether teases new assets as old ones are forgotten
Tether chief exec Paolo Ardoino has taken to X (formerly Twitter) to tease that Tether is prepared to “unveil its new class of digital assets” next week. It’s not clear exactly what digital asset s will be announced next week, but we do know that they will be the latest in a long line of digital asset s launched by the stablecoin giant, many of which have now been largely forgotten . The most popular asset Tether has created is, of course, USDT, which is ‘tethered’ to the value of the US dollar. However, it also has assets tied to other currencies like the Euro, Offshore Yuan, and the Mexican Peso. Perhaps the most interesting of these asset s is the Offshore Yuan Tether , which was launched in collaboration with Zhao Dong. Dong was once one of the most prominent over-the-counter traders in China and had previously disclosed that he was a Tether shareholder . After the announcement of this product, he was arrested and eventually convicted of charges...