Tether CEO Affirms Bitcoin as the Sole Decentralized Cryptocurrency

Bitcoin: The Only Decentralized Cryptocurrency

Paolo Ardoino, the CEO of Tether, the company responsible for issuing the USDt stablecoin, recently participated in the BTC Prague event held in the Czech capital.

During the event, Ardoino emphasized that Bitcoin stands alone as the only decentralized cryptocurrency, despite the widespread use of the term in the market.

“Bitcoin is all about determinism. Like a clock ticking, it remains constant and unchanging. When discussing the concept of unstoppable or decentralized products, everyone uses the term ‘decentralized,’ but only Bitcoin truly embodies it.”

Tether and Bitcoin

Tether and Bitcoin Tether Limited has become one of the most significant companies within the Bitcoin ecosystem. This prominence arises because one of the assets backing USDt’s value is Bitcoin, along with other assets from traditional markets.

Furthermore, Tether commits to converting a portion of its quarterly profits into BTC. The company also invests in various sectors, including Bitcoin mining companies.

USDt Market Position

Currently, USDt ranks as the third-largest digital asset in the market, with a market capitalization exceeding $110 billion

Sentiment: Positive