Flush With Cash, Tether Has Got Microsoft, Google, and Amazon in Its Crosshairs

Quick Summary:

Under new CEO Paolo Ardoino, the crypto company is spending heavily in a bid to muscle into an AI market dominated by the world’s largest tech firms.

That’s my speculation, but Tether has created a digital dollar that allows people to have checking and savings accounts, so stablecoins could be considered a threat to the banking industry.

It’s been reported that Tether has not sought a license to operate in the EU under the Markets in Crypto-Assets (MiCA) regime.

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Article Details

Author / Journalist: Joel Khalili

Category: TechnologyEconomy

Markets: United StatesMaliSwitzerland

Topics: Business / Blockchain and Cryptocurrency Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 10:00:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 2314 words

Reading Time: 13 minutes read

Sentences: 129 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 22033126

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Official Website: wired.com

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