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Benzinga
Benzinga
Business
Adrian Zmudzinski

Tether's Paolo Ardoino Raises Concern Over Rapidly Growing Competitor UST: 'It's Really Hard To Predict'

Paolo Ardoino UST Binance TER

Paolo Ardoino — the chief technology officer at Tether (CRYPTO: USDT), the firm behind the leading stablecoin — commented on the growth of TerraUSD (CRYPTO: UST) after the token became the third-largest stablecoin and overtook Binance USD (CRYPTO: BUSD), the stablecoin of the world's top crypto exchange Binance.

What Happened: During an interview published on Tuesday, Ardoino dismissed TerraUSD and told crypto news outlet CoinDesk that "it's all fun and games if you’re a $5 [billion] or $10 billion market cap stablecoin."

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