Tether (USDT) plans to launch a new kind of digital asset product on June 17th

IconCryptoNewsTerminal Staff13 Jun, 2024

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Tether (USDT) plans to launch a new kind of digital asset product on June 17th

Tether is a company that issues the USDT stablecoin. It has announced that it will launch a new kind of digital asset product on June 17th. Tether's CTO, Paolo Ardoino, said that the new product has been in development for a year. He did not provide any details about what the product will be, but he said that it will be "a new kind of digital asset." Tether has been facing regulatory scrutiny in recent months. The New York Attorney General's office is investigating the company for allegedly providing misleading information about its reserves. Tether has also been accused of manipulating the price of Bitcoin. Despite the regulatory challenges, Tether remains one of the largest stablecoins in the world. The company has a market capitalization of over $20 billion. Tether's new digital asset product could be a major development for the company and the broader cryptocurrency market.

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