Originally published at: Tether CTO Addresses Stablecoin’s Fiat Backing As $USDT Launches on Kusama ($KSM) (Cryptoglobe) – We Never See Nothing
On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the same name. Tether tokens are supported on…