Even by the often surreal standards of cryptography, tethers have a unique history. The company was founded in 2014 by Brock Pierce, a cryptocurrency evangelist who starred in the movie “Mighty Dax” as a child actor. He and his partner, Reeve Collins, were later a former plastic surgeon, Giancarlo, who kept some of Tether’s assets in a bank in the Bahamas run by one of the creators of the “Inspector Gadget” cartoon. Passed control of the company to Devasini.
Tether has grown rapidly. Last year, we issued about 50 billion stablecoins, more than three times the world’s supply. “If you need to redeem up to the last cent, you can do that,” Ardoino said in an interview.
The company is operated by approximately 50 employees in Europe, Asia and Latin America. Its CEO, J Lvander Velde, is a Dutch businessman and LinkedIn profile He suggests that he is based in Hong Kong. The company refused to confirm his whereabouts. He and his chief operating officer, Devasini, rarely speak publicly. The public face of Tether is Mr. Aldoino, who describes his colleagues as “ordinary people” who were surprised by the company’s growth.
“They didn’t expect it to grow that much at first,” Ardoino said. “They weren’t ready to be public figures. There’s nothing wrong with them.”
From time to time, Tether claimed that Stablecoin was entirely supported by the US dollar.But last year, New York Attorney General of New York, Letitia James, said Called They claim a “lie”.
A few years ago, the cryptocurrency exchange affiliated with Tether lost $ 850 million in sour commerce. To make up for the loss, Bitfinex on the exchange took a loan from Tether’s reserve and left Stablecoin partially unsupported. According to a survey by James..
