Bitfinex CTO: Tether is Not Bitcoin (BTC), USDT is Centralized

[sneakyboi]

Bitfinex CTO: Tether is Not Bitcoin (BTC), USDT is Centralized

The CTO of both Bitfinex and Tether, Paolo Ardoino, has clarified via Twitter that Tether (USDT) is a centralized stablecoin. His comments come after multiple crypto enthusiasts questioned the decision to freeze a $33 million USDT stolen from KuCoin and an additional $2 Million USDT hours later. In the case of the latter, Tether froze $1M USDT on the Omni network and another $1M USDT on the Tron blockchain.


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[aiviaa485]

I think it will become clear and even better if all the CEOs of the altcoins say like Paolo Arduino.
Tether must be controlled and Tether should not be made arbitrarily because if Tether was created just like that then I think it is the same as creating an altcoins. And it's not a stable coin in its name.

[damsix]

It is obvious because Bitcoin has its own character by being created so phenomenally without knowing who its founder is.
Bitcoin has a very strong character with not being centered, while Tether is centered in order to maintain price stability so that there is no Dump and Dump in seconds.