Tether CEO Paolo Ardoino responded to Deutsche Bank analysts’ questions about his company’s ability to repay its debts and the stability of its USDT stablecoin.
Ardoino responded to the latest comments from Deutsche Bank analysts on his X account, arguing that the financial institution has its own problems and therefore has no right to accuse or criticize others.
Tether CEO Paolo Ardoino highlighted Deutsche Bank’s history of fines and sanctions for violations, questioning its qualifications to criticize other institutions in the industry. He also mentioned that the International Monetary Fund once rated Deutsche Bank as the most dangerous bank in the world.
Paolo Ardoino, CEO of Tether, said:
“Deutsche Bank’s own history of fines and penalties for non-compliance raises questions about its standing to judge other institutions in the industry.”
In the comments to the post, a reader pointed out that Deutsche Bank has paid more than $20 billion in fines for 99 violations since 2000. Therefore, the bank should not criticize other companies for risk management, product structure or regulatory issues.
Earlier, a team of experts from Deutsche Bank released the results of a study on the stablecoin market. Analysts pointed out the weaknesses of this asset class and mentioned that Tether, as the issuer of the USDT stablecoin, has problems such as information opacity.
Deutsche Bank analysts further pointed out that given Tether’s monopoly in the stablecoin market, if USDT collapses, the consequences will lead to more serious impacts.
According to DefiLlama, the total market value of stablecoins has exceeded $160 billion. USDT is the undisputed leader in this market, with a market share of over 69%.
However, experts warn that Tether’s dominance could be eroded as new U.S. regulations emerge. #Tether #稳定币监管