Tether CTO: USDT promotes DeFi liquidity

According to Paolo Ardoino, CTO of Bitfinex and Tether, the USD stablecoin USDT can provide more liquidity in the decentralized financial (DeFi) field, because stable assets based on crypto assets are not reliable. Paolo Ardoino told Coindesk at the CryptoCompare Digital Asset Summit that “you can’t make algorithmic stablecoins rely solely on the crypto assets themselves,” because crypto assets are so volatile that they may disappear at any time. Aave CEO Stani Kulechov also said that integrating Tether could “inject liquidity into the DeFi space.”