ChainCatcher news, Tether CEO Paolo Ardoino stated on social media, 'Don't believe the FUD. Competitors are just eager to make you believe in non-existent things. USDT is safe. Keep moving forward.'
ChainCatcher previously reported that Tether CEO Paolo Ardoino retweeted a post by the co-founder of weRate and CEO of JAN3 on the X social platform, which mentioned that there is a lot of 'FUD information' about USDT in the market right now.
But the reality is that USDT will not be declared illegal in Europe on December 30, 2024. MiCA rules need to be followed, but stablecoin service providers have a transition period of 6-18 months, and some exchanges are waiting for clear information.
