While the broader cryptocurrency market endured one of its steepest contractions in years, Tether’s USDT quietly delivered a striking counter-narrative.

As major fintech companies like Robinhood Markets and Revolut explore issuing their own stablecoins, the sector is poised for disruption amid tightening European regulations.

In a recent social media interaction, Tether’s CEO Paolo Ardoino reiterated the company’s unwavering commitment to Bitcoin, dismissing any potential allocation of profits to Ethereum.