Aave's stablecoin, GHO, is facing challenges in maintaining its dollar peg stability. Liquidity fixes are being considered. Tether, on the other hand, is facing criticism for printing billions of unbacked tokens. Many of Tether's 'investments' are actually 'commitments' and not backed by cash. Tether's CEO, Paolo Ardoino, claims that there is a thorough verification process for minting/redeeming Tether, but critics argue that large amounts of Tether have been bought without questions. Despite the controversy, Tether's CEO highlights the company's earnings and the global use of USDT as a hedge against inflation.
Paolo Ardoino, Tether CEO, recently highlighted the company's significant earnings and emphasized the global use of USDT as a hedge against inflation https://t.co/QTcRPPSwyi
In Tethers new bullshit interview, Tether "CEO" Paolo Ardoino talks about how in order to mint/redeem Tether, you go through a very thorough process of verification. Sam Bankman-Fried, was a qualified, approved, Tether customer. He bought 36 billion Tethers no questions asked. https://t.co/otFkur1V6C
More paid Tether marketing with incomplete information. "Tether has been proven to be a good ally to the United States." Never steps on US soil. Twitchy comedian at his best. I do agree on one thing: Tether fuels bull runs by minting unbacked USDT. https://t.co/wRlyrRPcHK
Many of Tethers "investments" are not "investments," but rather "commitments," so no cash was actually invested. The other reason for not including these commitments as part of their reserves is because the "issued tokens the investments made" were unbacked. Tether would never… https://t.co/RwUGe7Ir5t https://t.co/pkwtgbiDow
Many of Tethers "investments" are not "investments," but rather "commitments," so no cash was actually invested. The reason for not including these commitments as part of their reserves is because the "issued tokens the investments made" were unbacked. Tether would never perform… https://t.co/cHSsW0szmB https://t.co/2wrdBh4aH7
Tether executives every time they post on twitter about another billion tethers they printed out of thin air with zero actual dollars backing them. https://t.co/EQpSI9OWe6
#Aave's $GHO #Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon https://t.co/4oZ2stFY1T