Tether’s move to introduce a new digital asset linked to the Mexican peso will boost crypto adoption in the Latin American country by providing more onramps to the USDT stablecoin.Paolo Ardoino
The Tether and Bitfinex chief technical officer told Cointelegraph in an exclusive interview on the sidelines of the World Economic Forum. He came to Davos to demonstrate the utility of cryptocurrencies.
In an exclusive Cointelegraph interview on the sidelines of the World Economic Forum. The chief technology officer of Tether and Bitfinex stated that he was attending Davos to demonstrate the benefits of cryptocurrencies.
USDT, according to Arduino, serves as a bridge to Bitcoin (BTC). He believes the dollar-pegged stablecoin will be able to satisfy the next 2 billion cryptocurrency consumers. His company must collaborate with local banks by supplying “different flavors of Tether” to connect more people to USDT.
When asked about the prospects for Mexico legalizing Bitcoin, which became a distinct possibility after a Mexican senator proposed creating El Salvador’s BTC-legal crypto regulation, Arduino stated that he was “bullish in case several countries desire sooner or later [to accept] Bitcoin.”
However, the road to legal Bitcoin in Mexico is more difficult than it is in El Salvador because the former has its own money. So, while Bitcoin may not become legal money in the near future. He believes it will become “the de facto legal auction” alongside the peso.Paolo Ardoino
Lugano Mayor Michele Foletti stated that the latest collaboration with Tether will assist Lugano in broadening its fintech initiatives and developments. He stated that Lugano is a beautiful city. With recent years, it has gotten increasingly interested in crypto and blockchain technologies. This includes the development of the LVGA Points citizen payment token coin, NFT, and blockchain infrastructure.
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