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Bitfinex CTO: Investors Would Not Be Investing In Tether Without Trust
Summary: Commenting on Tether’s $10 million equity investment in crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, Paolo Ardoino, Bitfinex CTO, said that investors would not be investing in Tether if they don’t trust it."If you look at what was the tokenization when the lawsuits were filed and what it is now, ...
Commenting on Tether’s $10 million equity investment in crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, Paolo Ardoino, Bitfinex CTO, said that investors would not be investing in Tether if they don’t trust it.
"If you look at what was the tokenization when the lawsuits were filed and what it is now, it increased by nine-fold. It was $1 billion, [and] now it is $9 billion. If there was any concern of not trusting Tether, investors would not be [investing]," he tweeted.
Tracy Chen
Tags: Bitfinex
Link: Bitfinex CTO: Investors Would Not Be Investing In Tether Without Trust [Copy]
