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Billionaire has a shocking strategy to counter BRICS’ de-dollarization move
Paolo Ardoino, the billionaire CEO of the crypto company Tether, thinks that stablecoins are the ultimate tools to push back against the de-dollarization efforts of the BRICS countries. In every country Tether is offering its USDT stablecoin, it is encouraging the adoption of the U.S. dollar, he said. A stablecoin is nothing but a type of cryptocurrency that attempts to stabilize its value, unlike traditionally volatile cryptocurrencies such as Bitcoin. It is pegged to a traditional currency like the USD or a commodity like gold. USDT, for example, is pegged 1:1 to the dollar. With President Donald Trump signing the ... (full story)
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