Tue, April 16, 2024 at 11:52

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    Kang-hoon

    • Hello Annie, today's news is about Tether (USDT), the largest stablecoin by market cap.

    • They are planning to launch a fully non-custodial tokenization platform.

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  • Annie

    • Oh, really?😮 What does 'non-custodial' mean?

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    Kang-hoon

    • 'Non-custodial' means that the user has full control over their funds.

    • In other words, Tether won't have any control over the assets on this platform.

  • Annie

    • I see.👍 And what can be tokenized on this platform?

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  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

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    Kang-hoon

    • According to Paolo Ardoino, the CEO of Tether, you can tokenize anything from bonds, stocks or funds to coffee shop reward points.

    • It's a very customizable platform.

  • Annie

    • Wow, that sounds interesting!😃 And will it support other cryptocurrencies besides USDT?

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    Kang-hoon

    • Yes, the platform will support Bitcoin layer-2 projects like RGB and The Liquid Network.

    • It's designed to be multi-chain and multi-asset.

  • Annie

    • That's cool!😎 But why is Tether doing this?

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    Kang-hoon

    • Tether aims to bring financial services to hundreds of millions of people in countries where the local currency is rapidly devaluing.

    • Many of these people don't have bank accounts because they are too poor to be of interest to the banking industry.

    • This platform could be a solution for them.

  • Annie

    • Oh, I see.😌 But wasn't there some controversy about Tether earlier this year?

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    Kang-hoon

    • Yes, you're correct.

    • Earlier this year, Tether faced accusations from an agency associated with the United Nations that claimed USDT was frequently being used by criminals to launder money and commit fraud in parts of Asia.

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    • However, Tether has pushed back against these accusations.

  • Annie

    • Hmm...🤔 So, is this news good or bad for the market?

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    Kang-hoon

    • In my opinion, this is good news.

    • The launch of this platform could potentially bring financial services to millions of people who are currently unbanked.

    • It also opens up new possibilities for tokenizing various assets.

    • However, it's important to keep an eye on how Tether handles any potential regulatory issues.

    • Upon comprehensive consideration, this news is perceived as a 😍Bullish.