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.
Learn more abouth the news here. (https://en.ethereumworldnews.com/bitfinex-cto-tether-is-not-bitcoin-btc-usdt-is-centralized/)