Watch Tether CEO Paolo Ardoino speak live about stablecoins and regulation

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Paolo Ardoino, the CEO of Tether, will speak at the DC Fintech Week conference at Fannie Mae’s headquarters in Washington, DC on Tuesday

Tether is the company behind the largest stablecoin, USDTwhich is pegged to the US dollar. According to CoinMarketCap, it is the third largest cryptocurrency by market capitalization. According to CryptoQuant, USDT accounts for about 71% of the U.S. dollar-backed stablecoin market, with a market cap of about $120 billion.

Tether has been criticized for its lack of transparency, while USDT has come under fire for its alleged use by criminals. Nevertheless, it remains the most popular and accessible stablecoin due to its ubiquity on global exchanges.

Ardoino’s comments come at a time when stablecoins are becoming increasingly important to institutions. While the US has been slow to implement clear rules for stablecoin operators and industry partners, European markets for crypto assets will be fully operational by the end of this year, which could have a big impact on Tether.

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