Billionaire Mike Novogratz Criticizes Tether, Bullish on Other Stablecoins

Cryptocurrency, Tether (USDT), Stablecoins–Stablecoins, the growing classification of cryptocurrency which peg their wealth to an external source, have found a new supporter in the form of billionaire investor and Bitcoin bull Mike Novogratz. Speaking at a conference in Frankfurt on Oct. 17, the Galaxy Digital Holdings Ltd. founder expanded upon his position for stablecoins, claiming that…
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