Tether (USDT) will soon roll out a fully non-custodial tokenization platform to the public, according to Paolo Ardoino, the stablecoin issuer’s chief executive.
Ardoino calls the upcoming platform “a masterpiece.”
“Fully non-custodial. Multi-chain. Multi-asset type. Super customizable.
Tokenize anything from any bonds, stocks or funds to coffee shop reward points. A white label of our tech that supports USDT, a $107+ billion asset.”
The Tether CEO also notes that the tokenization platform will support the Bitcoin (BTC) layer-2 projects RGB and The Liquid Network.
“The team building the tokenization platform is actually working on making it available immediately on RGB (likely on-chain first). USDT tech is available also on other chains.”
USDT, which aims to maintain a 1:1 peg with the US dollar, is the largest stablecoin by market cap. Ardoino says it is the “most-used digital dollar” in numerous emerging markets.
“Hundreds of millions of people that live in countries subject to the fast devaluation of the local currency use it as their checking account and savings account.
A good portion of this community does not have a single bank account because they are too poor for being of interest of the banking industry. This is the real-world use case for stablecoins.”
Earlier this year, Tether pushed back against accusations from an agency associated with the United Nations (UN) that claimed USDT was frequently being used by criminals to launder money and commit fraud in parts of Asia.
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