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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