The head of Tether, the largest stablecoin issuer in the cryptocurrency market with a capitalization of over $107 billion, announced the launch of a platform for asset tokenization. Paolo Ardoino specified that this is a non-custodial multi-network platform supporting various types of assets and offering extensive customization options.
What else is known? The top manager added that with the help of the new platform, any types of assets can be tokenized, ranging from stocks, bonds, and funds to coffee shop loyalty points. Anyone will be able to use the Tether platform.
According to Maelstrom Fund, last year Tether’s net profit reached $6.2 billion, despite having only around a hundred employees.