Paolo Ardoino, the CEO of Tether, is set to speak Tuesday at the DC Fintech Week conference at Fannie Mae's headquarters in Washington, D.C.Tether is the company behind the largest stablecoin, USDT , which is pegged to the U.S. dollar.
It is the third-largest cryptocurrency by market capitalization, according to CoinMarketCap.
USDT accounts for about 71% of the market of U.S. dollar-backed stablecoins, with a market cap of about $120 billion, according to CryptoQuant.
Tether has faced criticism over a lack of transparency, while USDT has come under fire for its alleged use by criminals.
Nevertheless, it remains the most popular and most easily accessible stablecoin due to its ubiquity across global exchanges.
Persons:
Paolo Ardoino, USDT, Ardoino's, stablecoins
Organizations:
DC, Fannie, U.S ., Europe's, CNBC, YouTube
Locations:
Fannie Mae's, Washington ,, U.S, Crypto