At Paris Blockchain Week 2023, Tether chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics such as USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization.
According to Ardoino, stablecoin issuers should always make sure that their reserves remain protected. The Tether executive believes that a stablecoin issuer’s job is to protect reserves and funds with all its capabilities. Ardoino explained: