Tether CEO backs stablecoins over tokenized deposits as BIS raises risks

Tether CEO Paolo Ardoino has challenged the Bank for International Settlements’ preference for tokenized bank deposits, arguing that fully reserved stablecoins give users a stronger alternative to money held under fractional reserve banking. The Bank for International Settlements laid out…

Source: https://crypto.news/tether-ceo-backs-stablecoins-over-tokenized-deposits-as-bis-raises-risks/