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Paolo Ardoino: Crypto companies lent to each other on promises in 2022

Paolo Ardoino: Crypto companies lent to each other on promises in 2022
Crypto firms lent on promises in 2022

Paolo Ardoino, chief executive officer at Tether (USDT), recalls that in 2022, several crypto companies were lending to one another based on informal agreements rather than formal guarantees.

He suggests this behavior from 2022 is resurfacing in some form in current market dynamics.

Ardoino has previously described Tether AI’s QVAC as an infrastructure solution designed to avoid datacenter dependency and single points of failure, according to a recent statement here. He has also noted the rising importance of USDT in emerging market economies. These comments reflect his continued focus on stability and practical adoption across digital asset platforms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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