Defi
Tether CEO Slams BIS Over Tokenized Bank Deposit Push
Bitcoin.com News·August 31, 2026·1 min read
Tether CEO Paolo Ardoino criticized the BIS's push for tokenized bank deposits, arguing stablecoins are more trusted because they're collateralized by U.S. treasuries, while tokenized deposits are typically backed by only 10% in liquid assets. He called the debate "The Emperor Has No Clothes."
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